Business Loan from Wachovia Bank Given to Electronic Components Company

Wachovia Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Euless, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Wachovia Bank, based in Irving, Texas.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPONENTS
EULESS, TX 76040

SBA Loan Lender

WACHOVIA BANK
3636 W NORTHGATE DR
IRVING, TX 75062

This lender provides SBA 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.

SIC Code

3679 - Electronic Components

NAICS Code

334419 - Electronic Component Manufacturing

Loan Approval Date

9/11/2000

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 25 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Euless TX, you ought to talk with a local Euless SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Euless businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $600,000 loan. Remember, you control your own destiny.

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:

Role of Business Plan When Raising Money

SBA Participating Banks in Irving, Texas

Where to Get an SBA Loan Texas