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March 28, 2024  
 
 
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How Can I Buy a Franchise in Blaine, Minnesota?

 

 
Loan Census SBA Loan Info

Minnesota Entrepreneur Secures Financing to Buy Mocha Delites Franchise

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

Mocha Delites franchise loans are available to Blaine, Minnesota 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 Mocha Delites franchise in 2005. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

MOCHA DELITES
BLAINE, MN 55434

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

1/18/2005

Loan Approval Gross Amount

$229,000

Loan Approval from the SBA

Of the total $229,000 loan amount, the SBA guaranteed $171,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mocha Delites franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and 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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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