Kansas Entrepreneur Secures Financing to Buy Off The Grill Franchise

Need money to buy an Off The Grill franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Off The Grill franchise shouldn't be overly burdensome. In 2001, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Overland Park, Kansas. Because Off The Grill was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

OVERLAND PARK OTG LLC
OVERLAND PARK, KS 66212

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/6/2001

Loan Approval Gross Amount

$214,300

Loan Approval from the SBA

Of the total $214,300 loan amount, the SBA guaranteed $160,725.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Off The Grill franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 12 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Overland Park KS, you ought to talk with a local Overland Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Overland Park businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Off the Grill Franchising

Equity Financing

Best Banks for Small Business in Minneapolis, Minnesota

SBA Minnesota Banks