Wells Fargo Bank Provides SBA Loan to Buy Fatburger Franchise
Need a loan to buy a Fatburger franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
Fatburger franchise loans are available to Redmond, Washington 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 Fatburger franchise in 2000. We've got all the details on this Washington small business loan.
SBA Loan Borrower
FATBURGER
REDMOND, WA 98052
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
11/8/2000
Loan Approval Gross Amount
$341,000
Loan Approval from the SBA
Of the total $341,000 loan amount, the SBA guaranteed $255,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Fatburger franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 9 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.
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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Find an SBA Lender in California