Wells Fargo Bank Provides SBA Loan to Buy Atlanta Bread Company Franchise

Borrowing money to invest in an Atlanta Bread Company franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Atlanta Bread Company franchise loans are available to Saint Petersburg, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for an Atlanta Bread Company franchise in 2001. We've got all the details on this Florida small business loan.

SBA Loan Borrower

ATLANTA BREAD COMPANY
SAINT PETERSBURG, FL 33706

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/6/2001

Loan Approval Gross Amount

$473,100

Loan Approval from the SBA

Of the total $473,100 loan amount, the SBA guaranteed $354,825.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Atlanta Bread Company franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help create 50 new jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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SBA 7A Banks for Minneapolis, Minnesota Loans

SBA Participating Banks in Minnesota