Phoenix, Arizona Bank Gives SBA Loan to Surgical And Medical Instrument Manufacturing Company
Get small business loans from a Phoenix, Arizona bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Wells Fargo Bank is a Phoenix, Arizona small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Utah company.
SBA Loan Borrower
COMPANY TYPE: SURGICAL AND MEDICAL INSTRUMENT MANUFACTURING
SALT LAKE CITY, UT 84107
SBA Loan Lender
WELLS FARGO BANK
100 W WASHINGTON ST
PHOENIX, AZ 85003
The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
339112 - Surgical and Medical Instrument Manufacturing
Loan Approval Date
5/5/2003
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 29 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 29 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
Realistic Debt Financing Options
Who Lends Money to Small Businesses in Phoenix, Arizona
Arizona SBA Banks