Roanoke, VA Entrepreneur Gets SBA Loan to Buy Buffalo Wild Wings Grill & Bar Franchise

Borrowing money to purchase a Buffalo Wild Wings Grill & Bar franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Roanoke, Virginia needed money to invest in a Buffalo Wild Wings Grill & Bar franchise back in 2003. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

BUFFALO WILD WINGS GRILL&BAR
ROANOKE, VA 24014

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/15/2003

Loan Approval Gross Amount

$947,500

Loan Approval from the SBA

Of the total $947,500 loan amount, the SBA guaranteed $710,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buffalo Wild Wings Grill & Bar franchise. At the time of the loan, the company had 65 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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