Repossession Services Business Loans

Looking for business loans for repossession services? An SBA loan may be just what you've been looking for. This $893,000 repossession services loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbia, South Carolina was able to borrow $893,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $669,750 of this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: REPOSSESSION SERVICES
COLUMBIA, SC 29204

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561491 - Repossession Services

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$893,000

Loan Approval from the SBA

Of the total $893,000 loan amount, the SBA guaranteed $669,750.

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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia Sba Lending, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.

Related Links:

Find Start-Up Capital

Banks in Roseville, California

Where to Get an SBA Loan California