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April 20, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Paint, Glass, And Wallpaper Stores Loan | ||||
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Wachovia Sba Lending, Inc. Small Business Loan
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Paint and Wallpaper Stores Small Business LoansLooking for small business loans for paint and wallpaper stores? Try the SBA. This $867,000 paint and wallpaper stores loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Birmingham, Alabama was able to borrow $867,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $650,250 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: PAINT, GLASS, AND WALLPAPER STORES SBA Loan Lender WACHOVIA SBA LENDING, INC. This business loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5231 - Paint, Glass, and Wallpaper Stores NAICS Code 444120 - Paint and Wallpaper Stores Loan Approval Date 8/6/2002 Loan Approval Gross Amount $867,000 Loan Approval from the SBA Of the total $867,000 loan amount, the SBA guaranteed $650,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Small Business Banks in Roseville, California Getting an SBA Loan in California
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