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November 21, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Jersey Mike's Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Auburn, WA Entrepreneur Gets SBA Loan to Buy Jersey Mike's deli Restaurant FranchiseNeed money to buy a Jersey Mike's deli Restaurant franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Auburn, Washington needed money to invest in a Jersey Mike's deli Restaurant franchise back in 2005. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower JERSEY MIKE'S SBA Loan Lender WELLS FARGO BANK This lender provides SBA guaranteed bank 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 722211 - Limited-Service Restaurants Loan Approval Date 9/29/2005 Loan Approval Gross Amount $163,000 Loan Approval from the SBA Of the total $163,000 loan amount, the SBA guaranteed $122,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jersey Mike's deli Restaurant franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 17 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Jersey Mike's Submarines & Salads Microlending as a Small Business Funding Source Best Banks for Small Business in San Jose, California Getting an SBA Loan in California
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