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November 14, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Physicians Loan | ||||
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Michigan Small Business Funding
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Physicians Business LoansWith these business loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $1,750,000 was given to a Michigan entrepreneur in 2005. This business knew how to go about getting a business bank loan. Based in Flint, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Wachovia Sba Lending, Inc., based in Roseville, California. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 621111 - Physicians Loan Approval Date 10/5/2005 Loan Approval Gross Amount $1,750,000 Loan Approval from the SBA Of the total $1,750,000 loan amount, the SBA guaranteed $1,312,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 41 employees. This SBA loan request indicated that the loan would help retain 39 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company. 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: Where to Get an SBA Loan in Roseville, California Getting an SBA Loan in California
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