Wells Fargo Bank Provides SBA Loan to Buy Fuddrucker's Franchise

Need money to buy a Fuddrucker's franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Fuddrucker's franchise loans are available to Tulsa, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Fuddrucker's franchise in 2001. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

FUDDRUCKERS
4129 SOUTH PEORIA AVE.,STE 2
TULSA, OK 74105

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

This business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/7/2001

Loan Approval Gross Amount

$1,322,100

Loan Approval from the SBA

Of the total $1,322,100 loan amount, the SBA guaranteed $991,575.

More Information on This SBA Loan

The borrower, Fuddruckers, borrowed this money for a new business. This loan was used to buy a Fuddrucker's franchise. At the time of the loan, the company had 45 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 9/29/2006.

Start the Process for Getting an SBA Loan Today!

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 SBA loan database.

Related Links:

Fuddruckers, Inc.

SBIR Funding

SBA 7A Banks in Minneapolis, Minnesota

Where to Get an SBA Loan Minnesota

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