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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Wachovia Bank Irving Business Loans > Baker Bros American Deli Loan | ||||
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Business Loans for Dallas Entrepreneurs
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Wachovia Bank Provides SBA Loan to Buy Baker Bros. American Deli FranchiseNeed money to invest in a Baker Bros. American Deli franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Dallas, Texas needed money to invest in a Baker Bros. American Deli franchise back in 2000. Wachovia Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower BAKER BROS AMERICAN DELI SBA Loan Lender WACHOVIA BANK 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/18/2000 Loan Approval Gross Amount $386,800 Loan Approval from the SBA Of the total $386,800 loan amount, the SBA guaranteed $290,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Baker Bros. American Deli 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 24 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: The Friends and Family Network SBA Approved Banks in Irving, Texas
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