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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Big O Tires Loan | ||||
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SBA Lenders for Hemet, California Businesses
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Hemet, CA Entrepreneur Gets SBA Loan to Buy Big O Tires dealers FranchiseBorrowing 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 Hemet, California needed money to invest in a Big O Tires dealers franchise back in 2005. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower BIG O TIRES SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 5/6/2005 Loan Approval Gross Amount $258,000 Loan Approval from the SBA Of the total $258,000 loan amount, the SBA guaranteed $193,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks for Small Business in Roseville, California
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