Las Vegas, NV Entrepreneur Gets SBA Loan to Buy Baker Bros. American Deli Franchise

Borrowing money to invest in a Baker Bros. American Deli franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Las Vegas, Nevada and are interested in buying a Baker Bros. American Deli franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 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

BAKER BROTHERS AMERICAN DELI
LAS VEGAS, NV 89128

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

722211 - Limited-Service Restaurants

Loan Approval Date

9/16/2005

Loan Approval Gross Amount

$457,000

Loan Approval from the SBA

Of the total $457,000 loan amount, the SBA guaranteed $342,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Baker Bros. American Deli franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 40 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Baker Bros. American Deli

Understanding Dilution

SBA Banks in San Jose, California

Getting an SBA Loan in California