Borrow Money to Buy a Big O Tires dealers Franchise
Need money to invest in a Big O Tires dealers franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Big O Tires dealers franchise shouldn't be overly burdensome. In 2000, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Big O Tires dealers was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.
SBA Loan Borrower
BIG O TIRES
LAS VEGAS, NV 89146
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.
SIC Code
5531 - Auto and Home Supply Stores
Loan Approval Date
6/16/2000
Loan Approval Gross Amount
$730,000
Loan Approval from the SBA
Of the total $730,000 loan amount, the SBA guaranteed $547,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company
had 13 employees. The loan application indicated that the loan would help generate 1 new job and retain 14 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source
We can help you find the best banks for small businesses in Las Vegas or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Big O Tires, Inc.
Strategic Investors
Best Roseville, California Banks for Small Business
California SBA Bank Lenders