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April 29, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > Crescent City Beignets Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Wisconsin Entrepreneur Secures Financing to Buy Crescent City Beignets FranchiseBorrowing money to invest in a Crescent City Beignets franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Milwaukee, Wisconsin needed money to invest in a Crescent City Beignets franchise back in 2003. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower CRESCENT CITY BEIGNETS 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 4/16/2003 Loan Approval Gross Amount $276,800 Loan Approval from the SBA Of the total $276,800 loan amount, the SBA guaranteed $207,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Crescent City Beignets franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $276,800. How would you spend $276,800 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: SBA 7A Lenders in Minneapolis, Minnesota
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