Loan Census Banking News and Information
April 16, 2024  
 
 
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Davis, California Bank Loan

 

 
Loan Census SBA Loan Info

Wells Fargo Bank Provides SBA Loan to Buy Pacific Pride Services Franchise

Borrowing money to buy a Pacific Pride Services franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Pacific Pride Services franchise loans are available to Davis, California 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 Pacific Pride Services franchise in 2002. We've got all the details on this California small business loan.

SBA Loan Borrower

WEST COAST FUELING SYSTEMS INC
DAVIS, CA 95616

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

2/11/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pacific Pride Services franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Pacific Pride Services

Role of Business Plan When Raising Money

Best Banks for Small Business in San Jose, California

SBA Lenders in California