North Carolina Entrepreneur Secures Financing to Buy Stained Glass Overlay Franchise

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

If you live near Mooresville, North Carolina and are interested in buying a Stained Glass Overlay franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 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

SGO CUSTOM GLASS WORKS, INC.
MOORESVILLE, NC 28115

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1793 - Glass and Glazing Work

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$95,200

Loan Approval from the SBA

Of the total $95,200 loan amount, the SBA guaranteed $80,920.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Stained Glass Overlay franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Stained Glass Overlay

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