Loan to Buy Cousins Submarines restaurant Franchise Issued By Wells Fargo Bank

Borrowing money to purchase a Cousins Submarines restaurant franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Baraboo, Wisconsin and are interested in buying a Cousins Submarines restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

COUSINS SUBS
BARABOO, WI 53913

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/4/2001

Loan Approval Gross Amount

$211,000

Loan Approval from the SBA

Of the total $211,000 loan amount, the SBA guaranteed $158,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add 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.

We've showcased information on this loan to let you know that businesses like yours 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:

Cousins Subs

Direct Public Offerings

SBA Participating Banks in Minneapolis, Minnesota

SBA Minnesota Banks