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November 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Specialized Local Freight Trucking Loan | ||||
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NC Small Business Loans from Wachovia Sba Lending, Inc.
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Wachovia Sba Lending, Inc. SBA Loan to Specialized Local Freight Trucking CompanyWachovia Sba Lending, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one North Carolina entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in High Point, North Carolina, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Wachovia Sba Lending, Inc., based in Roseville, California. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA debt financing 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 484220 - Specialized Local Freight Trucking Loan Approval Date 6/22/2004 Loan Approval Gross Amount $874,000 Loan Approval from the SBA Of the total $874,000 loan amount, the SBA guaranteed $655,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 58 employees. The SBA loan documents indicated that the loan would help retain 58 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia Sba Lending, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Small Business Banks in Roseville, California
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