California Entrepreneur Secures Financing to Buy Togo's Eatery Franchise

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

Togo's Eatery franchise loans are available to Anaheim, California 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 Togo's Eatery franchise in 2002. We've got all the details on this California small business loan.

SBA Loan Borrower

TOGO'S / BASKINS ROBBINS ANAHE
ANAHEIM, CA 92806

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

722211 - Limited-Service Restaurants

Loan Approval Date

6/28/2002

Loan Approval Gross Amount

$288,600

Loan Approval from the SBA

Of the total $288,600 loan amount, the SBA guaranteed $216,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Togo's Eatery franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 13 existing jobs.

Next Steps for Getting an SBA Loan

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $288,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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