Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Precision Tune Franchise

Need money to purchase a Precision Tune franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Precision Tune franchise loans are available to Eagan, Minnesota 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 Precision Tune franchise in 2002. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

PRECISION TUNE AUTO CARE
EAGAN, MN 55122

SBA Loan Lender

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

This lender provides SBA guaranteed 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

811111 - General Automotive Repair

Loan Approval Date

12/17/2002

Loan Approval Gross Amount

$241,000

Loan Approval from the SBA

Of the total $241,000 loan amount, the SBA guaranteed $180,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Precision Tune franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 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.

We can help you find the best banks for small businesses in Eagan or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Precision Tune Auto Care

Realistic Debt Financing Options

Small Business Banks in Roseville, California

SBA California Lenders