Mesa, AZ Entrepreneur Gets SBA Loan to Buy Costa Vida Franchise

Need a loan to invest in a Costa Vida franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mesa, Arizona needed money to invest in a Costa Vida franchise back in 2004. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COSTA AZUL ARIZONA LLC
MESA, AZ 85204

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/14/2004

Loan Approval Gross Amount

$387,600

Loan Approval from the SBA

Of the total $387,600 loan amount, the SBA guaranteed $290,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Costa Vida franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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