Indiana Entrepreneur Secures Financing to Buy Perkins Restaurants Franchise

Need a loan to buy a Perkins Restaurants franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Perkins Restaurants franchise loans are available to Anderson, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Sba Lending, Inc., based in Roseville, California, issued an SBA franchise loan for a Perkins Restaurants franchise in 2004. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

PERKINS RESTAURANT & BAKERY
ANDERSON, IN 46013

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

722110 - Full-Service Restaurants

Loan Approval Date

11/23/2004

Loan Approval Gross Amount

$1,187,700

Loan Approval from the SBA

Of the total $1,187,700 loan amount, the SBA guaranteed $890,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Perkins Restaurants franchise. At the time of the loan, the company had 48 employees. The SBA loan documents indicated that the loan would help retain 48 existing jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Raising VC Money for Social Networking Companies

Banks in Roseville, California

California SBA 7A Banks