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November 21, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Phoenix, Business Loans > Wells Fargo Bank Phoenix Business Loans > Limited-Service Restaurants Loan | ||||
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Getting a Small Business Loan from Wells Fargo Bank
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Business Loan from Wells Fargo Bank Given to Limited-Service Restaurants CompanyWells Fargo Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Nevada entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Stateline, Nevada, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Wells Fargo Bank, based in Phoenix, Arizona. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/18/2002 Loan Approval Gross Amount $186,500 Loan Approval from the SBA Of the total $186,500 loan amount, the SBA guaranteed $139,875. More Information on This SBA Loan The borrower borrowed this money for a new 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 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Phoenix, Arizona Banks for Small Business
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