Elkridge (elk Ridge), MD Entrepreneur Gets SBA Loan to Buy Napa Auto Parts Franchise
Need a loan to purchase a Napa Auto Parts franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.
Napa Auto Parts franchise loans are available to Elkridge (elk Ridge), Maryland 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 Napa Auto Parts franchise in 2000. We've got all the details on this Maryland small business loan.
SBA Loan Borrower
WORLD CLASS AUTO & TRUCK PARTS
ELKRIDGE (ELK RIDGE), MD 21075
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.
SIC Code
5531 - Auto and Home Supply Stores
Loan Approval Date
9/27/2000
Loan Approval Gross Amount
$394,000
Loan Approval from the SBA
Of the total $394,000 loan amount, the SBA guaranteed $295,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Napa Auto Parts franchise. At the time of the loan, the company
had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Elkridge (elk Ridge) MD, you ought to talk with a local Elkridge (elk Ridge) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elkridge (elk Ridge) businesses.
We can help you find the best banks for small businesses in Elkridge (elk Ridge) 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:
NAPA Auto Parts
Raising Venture Capital
Small Business Banks in Roseville, California
SBA Participating Banks in California