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December 4, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Nestle Toll House Cafe By Chip Loan | ||||
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Irving, Texas Bank Loan
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Borrow Money to Buy a Nestle Toll House By Chip FranchiseNeed a loan to invest in a Nestle Toll House By Chip franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Nestle Toll House By Chip franchise may simply require a phone call to a local SBA banker. In 2000, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Irving, Texas. Because Nestle Toll House By Chip was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower NESTLE TOLL HOUSE CAFE BY CHIP SBA Loan Lender WELLS FARGO BANK 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 10/16/2000 Loan Approval Gross Amount $199,600 Loan Approval from the SBA Of the total $199,600 loan amount, the SBA guaranteed $149,700. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House By Chip franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help generate 33 new jobs and retain 50 existing jobs. Next Steps for Getting an SBA Loan 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks in Sioux Falls, South Dakota SBA Participating Banks in South Dakota
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