Getting an SBA Loan for Veterinary Services
With these business loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $1,527,000 was given to an Indiana entrepreneur in 2006.
This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Wachovia Sba Lending, Inc., out of Roseville, California. The loan was granted and they received $1,527,000 to help grow their Indianapolis, Indiana business.
SBA Loan Borrower
COMPANY TYPE: VETERINARY SERVICES
INDIANAPOLIS, IN 46256
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
541940 - Veterinary Services
Loan Approval Date
6/16/2006
Loan Approval Gross Amount
$1,527,000
Loan Approval from the SBA
Of the total $1,527,000 loan amount, the SBA guaranteed $848,248.
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 12 employees. The SBA loan documents indicated that the loan would help retain 12 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.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Business Line of Credit
Where to Get an SBA Loan in Roseville, California
California SBA 7A Lenders