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December 22, 2024  
 
 
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Loan to Buy Geeks On Call Franchise Issued By Wells Fargo Bank

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

An entrepreneur in West Des Moines, Iowa needed money to invest in a Geeks On Call franchise back in 2006. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

GEEKS ON CALL
WEST DES MOINES, IA 50265

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

541519 - Computer Related Services

Loan Approval Date

5/22/2006

Loan Approval Gross Amount

$122,900

Loan Approval from the SBA

Of the total $122,900 loan amount, the SBA guaranteed $104,465.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Geeks On Call franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Geeks On Call

Accountant's Role in Securing Financing

SBA Banks in San Jose, California

SBA Lenders in California