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April 30, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Support Services Loan | ||||
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Bellevue, Washington Bank for SBA Loans
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Financing for Support ServicesWith these loans for support services, the SBA guarantees the lender that the loan will be repaid. This support services loan for $500,400 was given to a Washington entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bellevue, Washington was able to borrow $500,400 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $375,300 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT SERVICES SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 561990 - Support Services Loan Approval Date 11/1/2001 Loan Approval Gross Amount $500,400 Loan Approval from the SBA Of the total $500,400 loan amount, the SBA guaranteed $375,300. 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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Role of Business Plan When Raising Money Small Bank Loans in Roseville, California
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