Wachovia Bank Provides SBA Loan to Buy Parcel Plus Franchise

Need a loan to purchase a Parcel Plus franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Cartersville, Georgia needed money to invest in a Parcel Plus franchise back in 2000. Wachovia Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

PARCEL PLUS
CARTERSVILLE, GA 30120

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

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.

SIC Code

7299 - Personal Services

Loan Approval Date

4/13/2000

Loan Approval Gross Amount

$22,000

Loan Approval from the SBA

Of the total $22,000 loan amount, the SBA guaranteed $11,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Parcel Plus franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wachovia Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wachovia Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Parcel Plus

Small Business Credit Cards

SBA 7A Lenders in Winston Salem, North Carolina

Getting a Business Loan in North Carolina