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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Burger King Loan | ||||
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Raising Money in Jacksonville, Florida With SBA Loans
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Loan to Buy Burger King Franchise Issued By Wachovia Sba Lending, Inc.Need a loan to invest in a Burger King franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Burger King franchise is doable. In 2005, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Jacksonville, Florida. Because Burger King was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower BURGER KING SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 722211 - Limited-Service Restaurants Loan Approval Date 2/14/2005 Loan Approval Gross Amount $518,000 Loan Approval from the SBA Of the total $518,000 loan amount, the SBA guaranteed $388,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Burger King franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 30 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wachovia Sba Lending, Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family Banks in Roseville, California Where to Get an SBA Loan California
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