Texas Entrepreneur Secures Financing to Buy Computertots Franchise

Need money to purchase a Computertots franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Computertots franchise? If so, here's a 2006 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Kerrville, Texas.

SBA Loan Borrower

COMPUTERTOTS/COMPUTER EXPLORER
KERRVILLE, TX 78028

SBA Loan Lender

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

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

611420 - Computer Training

Loan Approval Date

7/5/2006

Loan Approval Gross Amount

$75,700

Loan Approval from the SBA

Of the total $75,700 loan amount, the SBA guaranteed $64,345.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Computertots franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

ComputerTots/Computer Explorers

Obtaining Funding - How to Decide How Much to Raise

Where to Get an SBA Loan in San Jose, California

California SBA 7A Lenders