Demotte (corporate And Rr Name, IN Entrepreneur Gets SBA Loan to Buy Dermacare Franchise
Need money to buy a Dermacare franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Demotte (corporate And Rr Name, Indiana needed money to invest in a Dermacare franchise back in 2005. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Indiana small business loan.
SBA Loan Borrower
DERMACARE LASER SKIN CARE CLIN
DEMOTTE (CORPORATE AND RR NAME, IN 46310
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
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
621111 - Physicians
Loan Approval Date
12/21/2005
Loan Approval Gross Amount
$540,000
Loan Approval from the SBA
Of the total $540,000 loan amount, the SBA guaranteed $405,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Dermacare franchise. At the time of the loan, the company
had 4 employees. This SBA loan request indicated that the borrowed money would help create 4 new jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wachovia Sba Lending, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Dermacare
Microlending as a Small Business Funding Source
SBA Approved Banks in Roseville, California
Getting an SBA Loan in California