San Angelo, TX Entrepreneur Gets SBA Loan to Buy Blimpie Franchise

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

Blimpie franchise loans are available to San Angelo, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Austin, Texas, issued an SBA franchise loan for a Blimpie franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

BLIMPIE SUBS & SALADS
SAN ANGELO, TX 76904

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

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

4/26/2001

Loan Approval Gross Amount

$103,200

Loan Approval from the SBA

Of the total $103,200 loan amount, the SBA guaranteed $87,720.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the funding would help create 8 new jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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