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April 29, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Sonic Drive In Of Grand Island Loan | ||||
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Tips for Financing a Franchise
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Borrow Money to Buy a Sonic Drive-In FranchiseNeed money to purchase a Sonic Drive-In franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Grand Island, Nebraska needed money to invest in a Sonic Drive-In franchise back in 2000. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Nebraska small business loan. SBA Loan Borrower SONIC DRIVE IN OF GRAND ISLAND SBA Loan Lender WACHOVIA SBA LENDING, INC. As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 6/21/2000 Loan Approval Gross Amount $376,000 Loan Approval from the SBA Of the total $376,000 loan amount, the SBA guaranteed $282,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 50 employees. The SBA loan application for the borrower indicated that the funding would help generate 50 new jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: Family and Friend Investors - Your First Financiers Small Business Banks in Roseville, California
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