Wells Fargo Bank Provides SBA Loan to Buy A & W Restaurant Franchise

Need money to purchase an A & W Restaurant franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an A & W Restaurant franchise? If so, here's a 2003 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Beaverton, Oregon.

SBA Loan Borrower

A&W ALL AMERICAN FOOD/LONG JOH
BEAVERTON, OR 97007

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$295,400

Loan Approval from the SBA

Of the total $295,400 loan amount, the SBA guaranteed $221,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 32 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 32 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Beaverton OR, you ought to talk with a local Beaverton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Beaverton businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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