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May 2, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Birmingham, Business Loans > Wachovia Bank Birmingham Business Loans > Physicians Loan | ||||
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Greensboro SBA Loan from Wachovia Bank
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Business Loan from Wachovia Bank Given to Physicians CompanyAn SBA loan from Wachovia Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Greensboro, North Carolina business owner got a $220,000 loan. This growing company knew how to go about getting a business bank loan. Based in Greensboro, North Carolina, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Wachovia Bank, based in Birmingham, Alabama. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender WACHOVIA BANK This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 621111 - Physicians Loan Approval Date 9/23/2004 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $110,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours 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: Dealing With Venture Capitalists Good Banks for Small Business in Birmingham, Alabama Browse All Business Loan Sources for Alabama
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