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April 30, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Home Instead Senior Care Loan | ||||
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San Diego, California Bank Loan
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Borrow Money to Buy a Home Instead Senior Care FranchiseNeed money to invest in a Home Instead Senior Care franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Home Instead Senior Care franchise shouldn't be too tough. In 2004, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in San Diego, California. Because Home Instead Senior Care was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower HOME INSTEAD SENIOR CARE 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 621610 - Home Health Care Services Loan Approval Date 2/19/2004 Loan Approval Gross Amount $259,400 Loan Approval from the SBA Of the total $259,400 loan amount, the SBA guaranteed $194,550. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had 50 employees. This SBA loan request indicated that the loan would help retain 50 existing jobs. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. 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 $259,400 loan. Remember, feel the fear, and do it anyway. 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: Obtaining Funding - Friends and Family Find an SBA Lender in San Jose, California
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