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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Pick-Em Up Truck Store Loan | ||||
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California Small Business Funding for Franchises
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Antioch, CA Entrepreneur Gets SBA Loan to Buy Pick-Em Up Truck Store FranchiseNeed a loan to buy a Pick-Em Up Truck Store franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Pick-Em Up Truck Store franchise loans are available to Antioch, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for a Pick-Em Up Truck Store franchise in 2002. We've got all the details on this California small business loan. SBA Loan Borrower PICK-EM UP TRUCK STORE SBA Loan Lender WELLS FARGO BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 10/23/2002 Loan Approval Gross Amount $78,600 Loan Approval from the SBA Of the total $78,600 loan amount, the SBA guaranteed $66,810. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pick-Em Up Truck Store franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in San Jose, California
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