Wells Fargo Bank Provides SBA Loan to Buy Dream Dinners Franchise

Borrowing money to buy a Dream Dinners franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dream Dinners franchise may simply require a phone call to a local SBA banker. In 2006, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Dream Dinners was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

DREAM DINNERS
LAS VEGAS, NV 89145

SBA Loan Lender

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

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424420 - Packaged Frozen Food Merchant Wholesalers

Loan Approval Date

4/25/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 16 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 26 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Dream Dinners

VC Firms on Twitter

SBA Approved Banks in San Jose, California

SBA Participating Banks in California