Loan to Buy Kohr Bros Frozen Custard Franchise Issued By Wells Fargo Bank

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

Getting money to buy a Kohr Bros Frozen Custard franchise is doable. In 2001, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Orlando, Florida. Because Kohr Bros Frozen Custard was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

NEW WORLD COFFEE
ORLANDO, FL 32809

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/14/2001

Loan Approval Gross Amount

$106,800

Loan Approval from the SBA

Of the total $106,800 loan amount, the SBA guaranteed $90,780.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kohr Bros Frozen Custard franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours 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.

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