Poway, CA Entrepreneur Gets SBA Loan to Buy Dream Dinners Franchise
Need money to buy a Dream Dinners franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Poway, California needed money to invest in a Dream Dinners franchise back in 2005. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
DREAM DINNERS SAN DIEGO
POWAY, CA 92064
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
311911 - Roasted Nuts and Peanut Butter Manufacturing
Loan Approval Date
6/10/2005
Loan Approval Gross Amount
$146,000
Loan Approval from the SBA
Of the total $146,000 loan amount, the SBA guaranteed $124,100.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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.
Related Links:
Dream Dinners
Advice on Getting a Small Business Loan
Best San Jose, California Banks for Small Business
SBA Lenders in California