Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Rug Decor Outlet Franchise

Need a loan to buy a Rug Decor Outlet franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Henderson, Nevada needed money to invest in a Rug Decor Outlet franchise back in 2007. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Nevada small business loan.

SBA Loan Borrower

RUG DECOR OF HENDERSON
HENDERSON, NV 89052

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

442299 - Home Furnishings Stores

Loan Approval Date

5/8/2007

Loan Approval Gross Amount

$445,400

Loan Approval from the SBA

Of the total $445,400 loan amount, the SBA guaranteed $334,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rug Decor Outlet franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

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Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours 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.

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