Nebraska Entrepreneur Secures Financing to Buy Side Pockets Franchise

Need money to purchase a Side Pockets franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Side Pockets franchise loans are available to Papillion, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for a Side Pockets franchise in 2006. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

SIDE POCKETS
PAPILLION, NE 68046

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

722410 - Drinking Places

Loan Approval Date

5/9/2006

Loan Approval Gross Amount

$648,900

Loan Approval from the SBA

Of the total $648,900 loan amount, the SBA guaranteed $486,675.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Side Pockets franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 15 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wells Fargo Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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SBA 7A Banks in San Jose, California

SBA California Lenders