Wells Fargo Bank Provides SBA Loan to Buy Great Harvest Bread Co. Franchise

Need a loan to buy a Great Harvest Bread Co. franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Great Harvest Bread Co. franchise loans are available to Albuquerque, New Mexico entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Austin, Texas, issued an SBA franchise loan for a Great Harvest Bread Co. franchise in 2000. We've got all the details on this New Mexico small business loan.

SBA Loan Borrower

GREAT HARVEST BREAD COMPANY
ALBUQUERQUE, NM 87111

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2051 - Bread, Cake, and Related Bakery Products

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

7/17/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wells Fargo Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Great Harvest Bread Company

Small Business Credit Cards

Where to Get an SBA Loan in Austin, Texas

Texas SBA 7A Banks