Aurora, CO Entrepreneur Gets SBA Loan to Buy Spicy Pickle Franchise

Need a loan to invest in a Spicy Pickle franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Aurora, Colorado needed money to invest in a Spicy Pickle franchise back in 2006. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

SPICY PICKLE 11
AURORA, CO 80011

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/5/2006

Loan Approval Gross Amount

$335,000

Loan Approval from the SBA

Of the total $335,000 loan amount, the SBA guaranteed $251,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Spicy Pickle franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 12 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Aurora CO, you ought to talk with a local Aurora SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Aurora businesses.

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:

Spicy Pickle Franchising, LLC

Accountant's Role in Securing Financing

SBA Participating Banks in San Jose, California

California SBA Banks