Utah Entrepreneur Secures Financing to Buy Golden Corral restaurant Franchise

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

Golden Corral restaurant franchise loans are available to St. George, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Phoenix, Arizona, issued an SBA franchise loan for a Golden Corral restaurant franchise in 2003. We've got all the details on this Utah small business loan.

SBA Loan Borrower

GOLDEN CORRAL
ST. GEORGE, UT 84770

SBA Loan Lender

WELLS FARGO BANK
100 W WASHINGTON ST
PHOENIX, AZ 85003

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

722110 - Full-Service Restaurants

Loan Approval Date

11/18/2003

Loan Approval Gross Amount

$497,000

Loan Approval from the SBA

Of the total $497,000 loan amount, the SBA guaranteed $372,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golden Corral restaurant franchise. At the time of the loan, the company had 51 employees. This SBA loan request indicated that the loan would help generate 50 new jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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