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April 25, 2024  
 
 
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Wachovia Sba Lending, Inc. Franchise Business Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Blockbuster Video Franchise Issued By Wachovia Sba Lending, Inc.

Need a loan to purchase a Blockbuster Video franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Flagstaff, Arizona needed money to invest in a Blockbuster Video franchise back in 2001. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Arizona small business loan.

SBA Loan Borrower

BLOCKBUSTER VIDEO
FLAGSTAFF, AZ 86001

SBA Loan Lender

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

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

532230 - Video Tape and Disc Rental

Loan Approval Date

11/13/2001

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Blockbuster Video franchise. At the time of the loan, the company had 22 employees. The SBA loan documents indicated that the loan would help generate 46 new jobs and retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia Sba Lending, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Blockbuster, Inc.

Direct Public Offerings

SBA Participating Banks in Roseville, California

California SBA Bank Lenders