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May 1, 2024  
 
 
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I Need a Business Loan to Buy a Franchise in Naples, Florida

 

 
Loan Census SBA Loan Info

Loan to Buy Pinch-A-Penny Franchise Issued By Wachovia Sba Lending, Inc.

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

An entrepreneur in Naples, Florida needed money to invest in a Pinch-A-Penny franchise back in 2006. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

PINCH A PENNY STORE #122
NAPLES, FL 34120

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

12/21/2006

Loan Approval Gross Amount

$505,000

Loan Approval from the SBA

Of the total $505,000 loan amount, the SBA guaranteed $378,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pinch-A-Penny franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Pinch A Penny, Inc.

Borrowing Money from Friends and Family

SBA 7A Banks for Roseville, California Loans

Getting an SBA Loan in California