Rapid City, SD Entrepreneur Gets SBA Loan to Buy Novus Windshield Repair Franchise

Need a loan to purchase a Novus Windshield Repair franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Rapid City, South Dakota needed money to invest in a Novus Windshield Repair franchise back in 2005. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

NOVUS WINDSHIELD REPAIR
RAPID CITY, SD 57702

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811122 - Automotive Glass Replacement Shops

Loan Approval Date

1/27/2005

Loan Approval Gross Amount

$200,800

Loan Approval from the SBA

Of the total $200,800 loan amount, the SBA guaranteed $150,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Novus Windshield Repair franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $200,800. How would you spend $200,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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