Loan Census Banking News and Information
January 19, 2021  
 
 
  Business Loan Information  
 

Wachovia Bank Ashland

 

 
Loan Census SBA Loan Info

Ashland, Alabama Business Gets SBA-Guaranteed Funding from Wachovia Bank

An SBA loan from Wachovia Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ashland, Alabama business owner got a $223,500 loan.

This small firm knew how to go about getting a business bank loan. Based in Ashland, Alabama, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Wachovia Bank, based in Lineville, Alabama.

SBA Loan Borrower

COMPANY TYPE: FOREST NURSERIES AND GATHERING OF FOREST PRODUCTS
ASHLAND, AL 36251

SBA Loan Lender

WACHOVIA BANK
89035 HWY 9
LINEVILLE, AL 36266

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0831 - Forest Nurseries and Gathering of Forest Products

Loan Approval Date

1/13/2000

Loan Approval Gross Amount

$223,500

Loan Approval from the SBA

Of the total $223,500 loan amount, the SBA guaranteed $167,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $223,500. How would you spend $223,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bank Credit Lines

Best Lineville, Alabama Banks for Small Business

Getting an SBA Loan in Alabama