Company Gets a Florida Bank Loan
FloridaSBA loans are available to Florida entrepreneurs through the SBA. In this case, a California bank provides the loan.
This business, based in Boca Raton, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Wachovia Sba Lending, Inc.. We've got the inside scoop on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: COLLECTION AGENCIES
BOCA RATON, FL 33486
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
561440 - Collection Agencies
Loan Approval Date
10/18/2001
Loan Approval Gross Amount
$256,000
Loan Approval from the SBA
Of the total $256,000 loan amount, the SBA guaranteed $192,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 30 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.
Next Steps for Getting an SBA Loan
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
We've showcased information on this loan to let you know that businesses like yours 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.
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