Loan to Buy Farmers Insurance Franchise Issued By Wells Fargo Bank

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

Farmers Insurance franchise loans are available to Surprise, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for a Farmers Insurance franchise in 2005. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

FARMERS INSURANCE
SURPRISE, AZ 85374

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

1/28/2005

Loan Approval Gross Amount

$190,700

Loan Approval from the SBA

Of the total $190,700 loan amount, the SBA guaranteed $143,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Farmers Insurance franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Alternative Financing

Who Lends Money to Small Businesses in San Jose, California

California SBA Banks