Galveston, TX Entrepreneur Gets SBA Loan to Buy Saxbys Coffee Franchise

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

If you live near Galveston, Texas and are interested in buying a Saxbys Coffee franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 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

GALVESTON COUNTY GOURMET COFFE
GALVESTON, TX 77550

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811411 - Home and Garden Equipment Repair and Maintenance

Loan Approval Date

9/15/2006

Loan Approval Gross Amount

$216,200

Loan Approval from the SBA

Of the total $216,200 loan amount, the SBA guaranteed $162,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Saxbys Coffee franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $216,200. How would you spend $216,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Saxbys Coffee Franchises

Obtaining Funding - Getting Venture Capital

Small Bank Loans in San Jose, California

Getting an SBA Loan in California