Winston Salem, North Carolina Bank Gives SBA Loan to Store Retailers Company

Thinking about meeting with a Winston Salem, North Carolina bank about a small business loan? Here's one Virginia business loan, issued by a Winston Salem bank, that was approved by the SBA.

Applying for an SBA loan with Wachovia Bank worked out well for our friends at one local business in Chester, Virginia. They received an SBA loan for $203,800. Awesome!

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
CHESTER, VA 23237

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

6/29/2001

Loan Approval Gross Amount

$203,800

Loan Approval from the SBA

Of the total $203,800 loan amount, the SBA guaranteed $152,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $203,800. How would you spend $203,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Credit Cards

Best Winston Salem, North Carolina Banks for Small Business

SBA Lenders in North Carolina