Wachovia Bank Provides SBA Loan to Buy Precision Tune Franchise

Need money to purchase a Precision Tune franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Precision Tune franchise loans are available to Baltimore, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Bank, based in Charlotte, North Carolina, issued an SBA franchise loan for a Precision Tune franchise in 2006. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

WARFIELD AUTOMOTIVE INC.
Baltimore, MD 21236

SBA Loan Lender

WACHOVIA BANK
301 S COLLEGE ST MAIN LOBBY
CHARLOTTE, NC 28202

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

811111 - General Automotive Repair

Loan Approval Date

8/30/2006

Loan Approval Gross Amount

$295,000

Loan Approval from the SBA

Of the total $295,000 loan amount, the SBA guaranteed $147,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Precision Tune franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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.

Related Links:

Precision Tune Auto Care

Raising VC Money for Social Networking Companies

SBA 7A Lenders in Charlotte, North Carolina

SBA Participating Banks in North Carolina