Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Wells Fargo Bank Commercial Loans for Franchisees

 

 
Loan Census SBA Loan Info

Loan to Buy Keva Juice Franchise Issued By Wells Fargo Bank

Borrowing money to buy a Keva Juice franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Colorado Springs, Colorado and are interested in buying a Keva Juice franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 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

KEVA JUICE
COLORADO SPRINGS, CO 80907

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/16/2002

Loan Approval Gross Amount

$147,800

Loan Approval from the SBA

Of the total $147,800 loan amount, the SBA guaranteed $125,630.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Keva Juice franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $147,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Keva Juice

How Equity Dilution Works

Small Business Banks in Minneapolis, Minnesota

Getting an SBA Loan in Minnesota