Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Primrose School daycare Franchise

Need a loan to buy a Primrose School daycare franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Primrose School daycare franchise loans are available to Concord, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Sba Lending, Inc., based in Roseville, California, issued an SBA franchise loan for a Primrose School daycare franchise in 2004. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

PRIMROSE SCHOOL AT AFTON VILLA
CONCORD, NC 28027

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/5/2004

Loan Approval Gross Amount

$379,000

Loan Approval from the SBA

Of the total $379,000 loan amount, the SBA guaranteed $284,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Primrose School daycare franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 23 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Primrose School Franchising Company

How to Raise Money

Best Banks for Small Business in Roseville, California

Where to Get an SBA Loan California