Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Birmingham, Alabama Bank Loan

 

 
Loan Census SBA Loan Info

Loan to Buy Scott's Lawnservice Franchise Issued By Wachovia Sba Lending, Inc.

Borrowing money to buy a Scott's Lawnservice franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Scott's Lawnservice franchise loans are available to Birmingham, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Sba Lending, Inc., based in Roseville, California, issued an SBA franchise loan for a Scott's Lawnservice franchise in 2004. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

RIVERCHASE LAWN EQUIPMENT AND
BIRMINGHAM, AL 35244

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444210 - Outdoor Power Equipment Stores

Loan Approval Date

6/16/2004

Loan Approval Gross Amount

$262,000

Loan Approval from the SBA

Of the total $262,000 loan amount, the SBA guaranteed $196,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Scott's Lawnservice franchise. At the time of the loan, the company had 16 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wachovia Sba Lending, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Scotts Lawn Service

Strategic Investors

Find an SBA Lender in Roseville, California

Where to Get an SBA Loan California