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April 28, 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 > Big O Tires Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Conifer, Colorado?
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Colorado Entrepreneur Secures Financing to Buy Big O Tires dealers FranchiseBorrowing money to purchase a Big O Tires dealers franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Big O Tires dealers franchise? If so, here's a 2000 SBA franchise loan that you should know about. Wachovia Sba Lending, Inc. was the lender and the entrepreneur was based in Conifer, Colorado. SBA Loan Borrower BIG O TIRES SBA Loan Lender WACHOVIA SBA LENDING, INC. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5531 - Auto and Home Supply Stores Loan Approval Date 7/21/2000 Loan Approval Gross Amount $1,047,000 Loan Approval from the SBA Of the total $1,047,000 loan amount, the SBA guaranteed $749,997. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help generate 11 new jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Best Banks in Roseville, California
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