Commercial Loans for Motor Vehicle Parts Manufacturing
Looking for commercial loans for motor vehicle parts manufacturing? The SBA may be the answer. This $1,115,000 motor vehicle parts manufacturing loan was issued by an Arizona bank.
Getting a small business loan in Tempe, Arizona was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Phoenix, Arizona. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING
TEMPE, AZ 85283
SBA Loan Lender
WELLS FARGO BANK
100 W WASHINGTON ST
PHOENIX, AZ 85003
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
336399 - Motor Vehicle Parts Manufacturing
Loan Approval Date
9/27/2002
Loan Approval Gross Amount
$1,115,000
Loan Approval from the SBA
Of the total $1,115,000 loan amount, the SBA guaranteed $836,250.
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 65 employees. The loan application indicated that the loan would help retain 65 existing jobs.
Next Steps for Getting an SBA Loan
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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.
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:
Business Line of Credit
SBA Approved Banks in Phoenix, Arizona
Arizona SBA 7A Banks