Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Denver, Colorado Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Big O Tires dealers Franchise Issued By Wachovia Sba Lending, Inc.

Need a loan to purchase a Big O Tires dealers franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Big O Tires dealers franchise loans are available to Denver, Colorado 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 Big O Tires dealers franchise in 2002. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

BIG O TIRES
DENVER, CO 80220

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

10/24/2002

Loan Approval Gross Amount

$239,000

Loan Approval from the SBA

Of the total $239,000 loan amount, the SBA guaranteed $179,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Denver CO, you ought to talk with a local Denver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denver businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wachovia Sba Lending, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wachovia Sba Lending, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Big O Tires, Inc.

VC Firms on Twitter

Where to Get an SBA Loan in Roseville, California

SBA California Lenders