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December 22, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > Culligan Of Casper Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Casper, WY Entrepreneur Gets SBA Loan to Buy Culligan Soft Water Service FranchiseNeed a loan to invest in a Culligan Soft Water Service franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Culligan Soft Water Service franchise shouldn't be overly burdensome. In 2006, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Casper, Wyoming. Because Culligan Soft Water Service was registered with the SBA's registry of franchises, this Wyoming small business loan was issued on an expedited basis. SBA Loan Borrower CULLIGAN OF CASPER SBA Loan Lender WELLS FARGO BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561990 - Support Services Loan Approval Date 11/22/2006 Loan Approval Gross Amount $172,000 Loan Approval from the SBA Of the total $172,000 loan amount, the SBA guaranteed $129,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Culligan Soft Water Service franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $172,000 loan. Remember, anyone can do it... so why not you? 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: Accountant's Role in Securing Financing Small Bank Loans in Minneapolis, Minnesota
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