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May 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Winston Salem, Business Loans > Wachovia Bank Winston Salem Business Loans > Full-Service Restaurants Loan | ||||
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Winston Salem, North Carolina SBA Lenders
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Winston Salem, North Carolina Bank Lends Money to Full-Service Restaurants Company in Macon, GeorgiaGet to know Winston Salem, North Carolina banks that specialize in SBA loans and know how to work with entrepreneurs. Wachovia Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Macon, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Wachovia Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender WACHOVIA BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/31/2001 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 13 new jobs and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Macon GA, you ought to talk with a local Macon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Macon businesses. We can help you find the best banks for small businesses in Macon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banks in Winston Salem, North Carolina
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