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April 27, 2024  
 
 
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Loan Census SBA Loan Info

Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Primrose School daycare Franchise

Need a loan to invest in a Primrose School daycare franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Apex, North Carolina needed money to invest in a Primrose School daycare franchise back in 2005. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

MKM EDUCATIONAL SERVICES COMPA
APEX, NC 27523

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

624410 - Child Day Care Services

Loan Approval Date

6/29/2005

Loan Approval Gross Amount

$361,200

Loan Approval from the SBA

Of the total $361,200 loan amount, the SBA guaranteed $270,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Primrose School daycare franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 23 new jobs and retain 2 existing jobs.

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.

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.

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