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April 28, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Birmingham, Business Loans > Wachovia Bank Birmingham Business Loans > Servpro Loan | ||||
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How Much Does It Cost to Buy a Franchise in Greensboro, North Carolina?
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Borrow Money to Buy a Servpro FranchiseNeed a loan to invest in a Servpro franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA. Servpro franchise loans are available to Greensboro, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Bank, based in Birmingham, Alabama, issued an SBA franchise loan for a Servpro franchise in 2003. We've got all the details on this North Carolina small business loan. SBA Loan Borrower SERVPRO SBA Loan Lender WACHOVIA BANK 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. NAICS Code 561720 - Janitorial Services Loan Approval Date 7/16/2003 Loan Approval Gross Amount $245,000 Loan Approval from the SBA Of the total $245,000 loan amount, the SBA guaranteed $183,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in Birmingham, Alabama
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