Loan to Buy Big O Tires dealers Franchise Issued By Wachovia Sba Lending, Inc.
Need money 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.
An entrepreneur in Flagstaff, Arizona needed money to invest in a Big O Tires dealers franchise back in 2002. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Arizona small business loan.
SBA Loan Borrower
BIG O TIRES
FLAGSTAFF, AZ 86001
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
This lender provides SBA commercial 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
441320 - Tire Dealers
Loan Approval Date
11/13/2002
Loan Approval Gross Amount
$1,110,000
Loan Approval from the SBA
Of the total $1,110,000 loan amount, the SBA guaranteed $832,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company
had 11 employees. The loan application indicated that the loan would help retain 11 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Flagstaff 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:
Big O Tires, Inc.
Understanding Dilution
Small Bank Loans in Roseville, California
California SBA Bank Lenders