Sacramento, CA Entrepreneur Gets SBA Loan to Buy Der Wienerschnitzel Franchise

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

If you live near Sacramento, California and are interested in buying a Der Wienerschnitzel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DER WIENDERSCHNITZEL #434
SACRAMENTO, CA 95820

SBA Loan Lender

WELLS FARGO BANK
701 S HAM LN
LODI, CA 95242

This lender provides SBA debt financing 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

722110 - Full-Service Restaurants

Loan Approval Date

11/29/2004

Loan Approval Gross Amount

$486,300

Loan Approval from the SBA

Of the total $486,300 loan amount, the SBA guaranteed $364,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Der Wienerschnitzel franchise. At the time of the loan, the company had 27 employees. The loan application indicated that the loan would help retain 27 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Sacramento CA, you ought to talk with a local Sacramento SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sacramento businesses.

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.

Related Links:

Small Business Credit Cards

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SBA Participating Banks in California