Financing for Semiconductor Machinery Manufacturing

With these commercial loans for semiconductor machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This semiconductor machinery manufacturing loan for $735,000 was given to a California entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Jose, California was able to borrow $735,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $551,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SEMICONDUCTOR MACHINERY MANUFACTURING
San Jose, CA 95138

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

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

333295 - Semiconductor Machinery Manufacturing

Loan Approval Date

7/30/2007

Loan Approval Gross Amount

$735,000

Loan Approval from the SBA

Of the total $735,000 loan amount, the SBA guaranteed $551,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 80 employees. The SBA loan documents indicated that the loan would help generate 47 new jobs and retain 47 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in San Jose CA, you ought to talk with a local San Jose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Jose businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $735,000 loan. Remember, anyone can do it... so why not you?

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.

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