Borrow Money to Buy a Samuel Mancino's Italian Eatery Franchise

Borrowing money to buy a Samuel Mancino's Italian Eatery franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Samuel Mancino's Italian Eatery franchise may simply require a phone call to a local SBA banker. In 2002, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Offutt Air Force Base, Nebraska. Because Samuel Mancino's Italian Eatery was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

SAMUEL MANCINO'S ITALIAN EATER
OFFUTT AIR FORCE BASE, NE 68128

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

This lender provides SBA bank 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

6/12/2002

Loan Approval Gross Amount

$177,200

Loan Approval from the SBA

Of the total $177,200 loan amount, the SBA guaranteed $132,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Samuel Mancino's Italian Eatery franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $177,200 loan. Remember, anyone can do it... so why not 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.

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