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December 18, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Austin, Business Loans > Wells Fargo Bank Austin Business Loans > Cousins Subs Loan | ||||
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How to Get SBA Loans in Mcminnville, Tennessee
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Tennessee Entrepreneur Secures Financing to Buy Cousins Submarines restaurant FranchiseNeed a loan to invest in a Cousins Submarines restaurant franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mcminnville, Tennessee needed money to invest in a Cousins Submarines restaurant franchise back in 2000. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Tennessee small business loan. SBA Loan Borrower COUSINS SUBS SBA Loan Lender WELLS FARGO BANK 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. SIC Code 5812 - Eating Places Loan Approval Date 8/18/2000 Loan Approval Gross Amount $246,200 Loan Approval from the SBA Of the total $246,200 loan amount, the SBA guaranteed $184,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the funding would help create 4 new jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company. 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: The Friends and Family Network SBA 7A Lenders in Austin, Texas
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