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April 26, 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 > Ben & Jerry's Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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California Entrepreneur Secures Financing to Buy Ben & Jerry's Ice Cream FranchiseBorrowing money to invest in a Ben & Jerry's Ice Cream franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. If you live near San Rafael, California and are interested in buying a Ben & Jerry's Ice Cream franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower BEN & JERRY'S SBA Loan Lender WELLS FARGO BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 10/23/2003 Loan Approval Gross Amount $325,500 Loan Approval from the SBA Of the total $325,500 loan amount, the SBA guaranteed $244,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Ben & Jerry's Franchising, Inc. Who Lends Money to Small Businesses in San Jose, California
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