Oregon Entrepreneur Secures Financing to Buy Off The Grill Franchise

Need a loan to buy an Off The Grill franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Off The Grill franchise loans are available to Beaverton, Oregon 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 an Off The Grill franchise in 2001. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

OFF THE GRILL
BEAVERTON, OR 97006

SBA Loan Lender

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

This lender provides SBA business 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

5/16/2001

Loan Approval Gross Amount

$177,800

Loan Approval from the SBA

Of the total $177,800 loan amount, the SBA guaranteed $133,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Off The Grill franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help create 25 new jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Off the Grill Franchising

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Good Banks for Small Business in San Jose, California

California SBA 7A Banks