Wells Fargo Bank Provides SBA Loan to Buy Red Brick Pizza Franchise

Need a loan to invest in a Red Brick Pizza franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tempe, Arizona needed money to invest in a Red Brick Pizza franchise back in 2004. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan.

SBA Loan Borrower

RED BRICK PIZZA
TEMPE, AZ 85283

SBA Loan Lender

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

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

8/19/2004

Loan Approval Gross Amount

$271,300

Loan Approval from the SBA

Of the total $271,300 loan amount, the SBA guaranteed $203,475.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Red Brick Pizza franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 9 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your 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 SBA loan was for $271,300. How would you spend $271,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Red Brick Pizza

Financing Your Business

SBA 7A Lenders in San Jose, California

Getting an SBA Loan in California