Wachovia Bank Provides SBA Loan to Buy Big Louie's Franchise

Need a loan to purchase a Big Louie's franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Big Louie's franchise? If so, here's a 2000 SBA franchise loan that you should know about. Wachovia Bank was the lender and the entrepreneur was based in Boca Raton, Florida.

SBA Loan Borrower

BIG LOUIE'S
BOCA RATON, FL 33432

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722110 - Full-Service Restaurants

Loan Approval Date

10/24/2000

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $45,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Big Louie's franchise. At the time of the loan, the company had 23 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 26 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Boca Raton FL, you ought to talk with a local Boca Raton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Boca Raton businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wachovia Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Find Start-Up Capital

Banks in Winston Salem, North Carolina

Find an SBA Lender in North Carolina