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May 4, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Direct Selling Establishments Loan | ||||
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Who Can Get a Business Loan in Cary, North Carolina?
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Borrowing Money for Direct Selling EstablishmentsWith these loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $656,000 was given to a North Carolina entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cary, North Carolina was able to borrow $656,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $492,000 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 10/22/2003 Loan Approval Gross Amount $656,000 Loan Approval from the SBA Of the total $656,000 loan amount, the SBA guaranteed $492,000. 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 13 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 SBA Approved Banks in Roseville, California
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