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November 25, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > New Housing Operative Builders Loan | ||||
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Wachovia Sba Lending, Inc. Small Business Loans Chester
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SBA Loan from Wachovia Sba Lending, Inc. Helps New Housing Operative Builders CompanyWachovia Sba Lending, Inc. has a track record as a leading provider of SBA loans. Find out how this Virginia entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chester, Virginia was able to borrow $1,057,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $792,750 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: NEW HOUSING OPERATIVE BUILDERS SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236117 - New Housing Operative Builders Loan Approval Date 4/30/2004 Loan Approval Gross Amount $1,057,000 Loan Approval from the SBA Of the total $1,057,000 loan amount, the SBA guaranteed $792,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 9 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wachovia Sba Lending, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wachovia Sba Lending, Inc. 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: Good Banks for Small Business in Roseville, California
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