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May 3, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Meesan Conoco Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Wells Fargo Bank Provides SBA Loan to Buy Conoco Service Station FranchiseBorrowing money to invest in a Conoco Service Station franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Arvada, Colorado needed money to invest in a Conoco Service Station franchise back in 2007. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan. SBA Loan Borrower MEESAN CONOCO SBA Loan Lender WELLS FARGO BANK 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 5/14/2007 Loan Approval Gross Amount $238,000 Loan Approval from the SBA Of the total $238,000 loan amount, the SBA guaranteed $178,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Conoco Service Station franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Arvada or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Banks in Sioux Falls, South Dakota
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