 |
 |
May 5, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Full-Service Restaurants Loan | ||||
 |
||||
Best Banks That Lend to Pennsylvania Businesses
|
||||
 |
Wachovia Sba Lending, Inc. Gives Bank Loan to Full-Service Restaurants CompanyBusiness loans in Pennsylvania are tough to come by these days. We take a look at one Pennsylvania business loan, provided by a California bank, that was approved by the SBA. This company, based in East Stroudsburg, Pennsylvania, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Wachovia Sba Lending, Inc.. We've got the inside scoop on this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA bank 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 722110 - Full-Service Restaurants Loan Approval Date 4/27/2007 Loan Approval Gross Amount $1,169,000 Loan Approval from the SBA Of the total $1,169,000 loan amount, the SBA guaranteed $876,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 19 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 19 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need to find money for a 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: Advice on Getting a Small Business Loan SBA Approved Banks in Roseville, California
|
|
||
|
||||
|
|
||||