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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winston Salem, Business Loans > Wachovia Bank Winston Salem Business Loans > Baked Goods Stores Loan | ||||
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Delray Beach, Florida Bank for SBA Loans
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Growing Company Gets a Florida Business LoanFloridaBank loans are available to Florida firms through the SBA. In this case, a North Carolina bank provides the loan. By giving the right information to Wachovia Bank, this Delray Beach, Florida business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender WACHOVIA BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 10/10/2001 Loan Approval Gross Amount $30,600 Loan Approval from the SBA Of the total $30,600 loan amount, the SBA guaranteed $15,300. More Information on This SBA Loan The borrower borrowed this money for a new 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 generate 4 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $30,600. How would you spend $30,600 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: Obtaining Funding From a Venture Capitalist Small Bank Loans in Winston Salem, North Carolina
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