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November 21, 2024  
 
 
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Wachovia Sba Lending, Inc. Business Loan Clemmons

 

 
Loan Census SBA Loan Info

Clemmons, North Carolina Business Gets SBA-Guaranteed Funding from Wachovia Sba Lending, Inc.

An SBA loan from Wachovia Sba Lending, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clemmons, North Carolina business owner got a $528,600 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clemmons, North Carolina was able to borrow $528,600 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $396,450 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
CLEMMONS, NC 27012

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This lender provides SBA business 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

621320 - Optometrists

Loan Approval Date

1/16/2008

Loan Approval Gross Amount

$528,600

Loan Approval from the SBA

Of the total $528,600 loan amount, the SBA guaranteed $396,450.

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 6 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $528,600 loan. Remember, anyone can do it... so why not you?

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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