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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Midas Auto Systems Loan | ||||
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Good Banks for Vacaville Business Owners
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Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Midas Muffler Shop FranchiseNeed a loan to invest in a Midas Muffler Shop franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Midas Muffler Shop franchise? If so, here's a 2007 SBA franchise loan that you should know about. Wachovia Sba Lending, Inc. was the lender and the entrepreneur was based in Vacaville, California. SBA Loan Borrower MIDAS AUTO SYSTEMS SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA guaranteed 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 811118 - Automotive Mechanical and Electrical Repair and Maintenance Loan Approval Date 8/6/2007 Loan Approval Gross Amount $326,000 Loan Approval from the SBA Of the total $326,000 loan amount, the SBA guaranteed $244,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Midas International Corporation Borrowing Money from Friends and Family Good Banks for Small Business in Roseville, California
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