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May 2, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Samurai Sam's Teriyaki Grill Loan | ||||
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How to Get SBA Loans in Ankeny, Iowa
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Iowa Entrepreneur Secures Financing to Buy Samari Sams Teriyaki Grill FranchiseNeed a loan to purchase a Samari Sams Teriyaki Grill franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Samari Sams Teriyaki Grill franchise? If so, here's a 2005 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Ankeny, Iowa. SBA Loan Borrower SAMURAI SAM'S TERIYAKI GRILL SBA Loan Lender WELLS FARGO BANK 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 2/3/2005 Loan Approval Gross Amount $147,400 Loan Approval from the SBA Of the total $147,400 loan amount, the SBA guaranteed $125,290. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Samari Sams Teriyaki Grill franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 8 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
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