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December 22, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Mount Vernon, Business Loans > Wells Fargo Bank Mount Vernon Business Loans > Harper Home Consultants, Inc. Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Wells Fargo Bank Provides SBA Loan to Buy U Build It FranchiseNeed a loan to buy an U Build It franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an U Build It franchise may simply require a phone call to a local SBA banker. In 2000, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Bellvue, Washington. Because U Build It was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis. SBA Loan Borrower HARPER HOME CONSULTANTS, INC. SBA Loan Lender WELLS FARGO BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1521 - Single-Family Housing Construction NAICS Code 233210 - Single Family Housing Construction Loan Approval Date 1/12/2000 Loan Approval Gross Amount $48,800 Loan Approval from the SBA Of the total $48,800 loan amount, the SBA guaranteed $39,040. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an U Build It franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company. 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Mount Vernon, Washington
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