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November 21, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Roofing, Siding, And Insulation Material Merchant Wholesalers Loan | ||||
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We Needed a Business Loan in Seattle, Washington and We Got One!
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Roofing, Siding, and Insulation Material Merchant Wholesalers SBA LoansWith these SBA loans for roofing, siding, and insulation material merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This roofing, siding, and insulation material merchant wholesalers loan for $730,000 was given to a Washington entrepreneur in 2007. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Wells Fargo Bank, out of Sioux Falls, South Dakota. The loan was granted and they received $730,000 to help grow their Seattle, Washington business. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND INSULATION MATERIAL MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423330 - Roofing, Siding, and Insulation Material Merchant Wholesalers Loan Approval Date 3/1/2007 Loan Approval Gross Amount $730,000 Loan Approval from the SBA Of the total $730,000 loan amount, the SBA guaranteed $547,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: SBA 7A Lenders in Sioux Falls, South Dakota
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