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April 27, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Meineke Discount Muffler Loan | ||||
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SBA 7A Banks for Englewood, Colorado Small Business Owners
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Englewood, CO Entrepreneur Gets SBA Loan to Buy Meineke Discount Muffler FranchiseBorrowing money to buy a Meineke Discount Muffler franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Meineke Discount Muffler franchise shouldn't be overly burdensome. In 2001, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Englewood, Colorado. Because Meineke Discount Muffler was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis. SBA Loan Borrower MEINEKE DISCOUNT MUFFLER SBA Loan Lender WACHOVIA SBA LENDING, INC. This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a deep knowledge SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7533 - Automotive Exhaust System Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/18/2001 Loan Approval Gross Amount $720,000 Loan Approval from the SBA Of the total $720,000 loan amount, the SBA guaranteed $540,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Roseville, California
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