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May 4, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Hwh Inc Loan | ||||
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SBA Franchise Financing Lender Holly Michigan
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Michigan Entrepreneur Secures Financing to Buy Dairy Queen FranchiseBorrowing money to buy a Dairy Queen franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Holly, Michigan needed money to invest in a Dairy Queen franchise back in 2004. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower HWH INC SBA Loan Lender WELLS FARGO BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/16/2004 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 30 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $1,200,000. How would you spend $1,200,000 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: The Friends and Family Network Find an SBA Lender in San Jose, California SBA Participating Banks in California
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