Loan to Buy Ritter's Frozen Custard Franchise Issued By Wells Fargo Bank

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

Ritter's Frozen Custard franchise loans are available to Margate, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Ritter's Frozen Custard franchise in 2002. We've got all the details on this Florida small business loan.

SBA Loan Borrower

RITTER'S FROZEN CUSTARD
MARGATE, FL 33063

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722212 - Cafeterias, Grill Buffets, and Buffets

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$160,800

Loan Approval from the SBA

Of the total $160,800 loan amount, the SBA guaranteed $120,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ritter's Frozen Custard franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $160,800. How would you spend $160,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Ritter's Frozen Custard

Financing Your Business

SBA Approved Banks in Minneapolis, Minnesota

Where to Get an SBA Loan Minnesota