Borrow Money to Buy an A & W Restaurant Franchise

Borrowing money to purchase an A & W Restaurant franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

A & W Restaurant franchise loans are available to Katy, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for an A & W Restaurant franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

KENTUCKY FRIED CHICKEN AND A&W
KATY, TX 77494

SBA Loan Lender

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

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/23/2005

Loan Approval Gross Amount

$1,444,000

Loan Approval from the SBA

Of the total $1,444,000 loan amount, the SBA guaranteed $1,083,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, 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.

We can help you find the best banks for small businesses in Katy or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Choosing VC Firms

SBA 7A Banks in San Jose, California

Getting an SBA Loan in California