Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

San Diego, California Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Home Instead Senior Care Franchise

Need money to invest in a Home Instead Senior Care franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Home Instead Senior Care franchise shouldn't be too tough. In 2004, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in San Diego, California. Because Home Instead Senior Care was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

HOME INSTEAD SENIOR CARE
SAN DIEGO, CA 92123

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

2/19/2004

Loan Approval Gross Amount

$259,400

Loan Approval from the SBA

Of the total $259,400 loan amount, the SBA guaranteed $194,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had 50 employees. This SBA loan request indicated that the loan would help retain 50 existing jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $259,400 loan. Remember, feel the fear, and do it anyway.

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:

Home Instead Senior Care

Obtaining Funding - Friends and Family

Find an SBA Lender in San Jose, California

SBA California Lenders