Borrow Money to Buy an Al & Ed's Autosound #8 Franchise

Need a loan to invest in an Al & Ed's Autosound #8 franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Al & Ed's Autosound #8 franchise may simply require a phone call to a local SBA banker. In 2003, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Orange, California. Because Al & Ed's Autosound #8 was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

AL & ED'S AUTOSOUND #22
ORANGE, CA 92867

SBA Loan Lender

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

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

4/2/2003

Loan Approval Gross Amount

$130,500

Loan Approval from the SBA

Of the total $130,500 loan amount, the SBA guaranteed $65,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Al & Ed's Autosound #8 franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $130,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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