Loan Census Banking News and Information
May 2, 2024  
 
 
  Business Loan Information  
 

I Need an SBA 7A Loan in Cary, North Carolina

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Veterinary Services

Looking for bank loans for veterinary services? Try the SBA. This $1,783,000 veterinary services loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cary, North Carolina was able to borrow $1,783,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $1,337,250 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
CARY, NC 27519

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

541940 - Veterinary Services

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$1,783,000

Loan Approval from the SBA

Of the total $1,783,000 loan amount, the SBA guaranteed $1,337,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Cary NC, you ought to talk with a local Cary SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cary 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:

Dealing With Venture Capitalists

Find an SBA Lender in Roseville, California

SBA Participating Banks in California