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November 21, 2024  
 
 
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Loan Census SBA Loan Info

Loan to Buy Homes & Land magazine Franchise Issued By Wells Fargo Bank

Need money to purchase a Homes & Land magazine franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in El Paso, Texas needed money to invest in a Homes & Land magazine franchise back in 2006. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

HOMES & LAND OF EL PASO
EL PASO, TX 79922

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511199 - Publishers

Loan Approval Date

1/9/2006

Loan Approval Gross Amount

$55,100

Loan Approval from the SBA

Of the total $55,100 loan amount, the SBA guaranteed $46,835.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Homes & Land magazine franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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