Wells Fargo Bank Provides SBA Loan to Buy Baby's Room Usa Franchise

Borrowing money to purchase a Baby's Room Usa franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baby's Room Usa franchise may simply require a phone call to a local SBA banker. In 2001, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Baby's Room Usa was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

USA BABY/CHILD SPACE
HOUSTON, TX 77090

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

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

453998 - Store Retailers

Loan Approval Date

6/1/2001

Loan Approval Gross Amount

$397,400

Loan Approval from the SBA

Of the total $397,400 loan amount, the SBA guaranteed $298,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Baby's Room Usa franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the funding would help generate 1 new job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $397,400. How would you spend $397,400 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.

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