Wachovia Bank Gives Business Loan to Amusement And Recreation Industries Company
Looking to get a Texas SBA loan? This Texas entrepreneur got an SBA loan, provided by an Alabama bank that works with the SBA to help small business owners.
Getting a small business loan in Mansfield, Texas was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Bank. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: AMUSEMENT AND RECREATION INDUSTRIES
MANSFIELD, TX 76063
SBA Loan Lender
WACHOVIA BANK
420 N 20TH ST
BIRMINGHAM, AL 35203
This lender provides SBA bank loans 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
713990 - Amusement and Recreation Industries
Loan Approval Date
2/5/2003
Loan Approval Gross Amount
$500,000
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
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 4 employees. The SBA loan documents indicated that the loan would help create 4 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
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.
We've showcased information on this loan to let you know that businesses like yours 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.
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