Business Loan from Wachovia Sba Lending, Inc. Given to Full-Service Restaurants Company
An SBA loan from Wachovia Sba Lending, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lakewood, Colorado business owner got a $630,000 loan.
This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Wachovia Sba Lending, Inc., out of Roseville, California. The loan was granted and they received $630,000 to help grow their Lakewood, Colorado business.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
LAKEWOOD, CO 80228
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
8/8/2001
Loan Approval Gross Amount
$630,000
Loan Approval from the SBA
Of the total $630,000 loan amount, the SBA guaranteed $472,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to find business people willing to loan money, 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:
Family and Friend Investors - Your First Financiers
SBA 7A Lenders in Roseville, California
California SBA 7A Lenders