Baked Goods Stores Loans

With these loans for baked goods stores, the SBA guarantees the lender that the loan will be repaid. This baked goods stores loan for $140,800 was given to a Texas entrepreneur in 2001.

Getting a small business loan in Fort Worth, Texas was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Antonio, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
FORT WORTH, TX 76106

SBA Loan Lender

WELLS FARGO BANK
6100 BANDERA RD
SAN ANTONIO, TX 78238

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a thorough understanding of SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

7/30/2001

Loan Approval Gross Amount

$140,800

Loan Approval from the SBA

Of the total $140,800 loan amount, the SBA guaranteed $119,680.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 $140,800 loan. Remember, feel the fear, and do it anyway.

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:

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Small Business Banks in San Antonio, Texas

Getting a Business Loan in Texas