Florida Entrepreneur Secures Financing to Buy Dermacare Franchise

Need a loan to invest in a Dermacare franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dermacare franchise shouldn't be too tough. In 2007, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Fort Lauderdale, Florida. Because Dermacare was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

DERMACARE OF FT. LAUDERDALE
FORT LAUDERDALE, FL 33301

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.

NAICS Code

621111 - Physicians

Loan Approval Date

2/27/2007

Loan Approval Gross Amount

$805,500

Loan Approval from the SBA

Of the total $805,500 loan amount, the SBA guaranteed $604,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dermacare franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help create 3 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Wachovia Sba Lending, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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