Melbourne, FL Entrepreneur Gets SBA Loan to Buy Fortune Personnel Consultants Franchise

Need a loan to buy a Fortune Personnel Consultants franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fortune Personnel Consultants franchise may simply require a phone call to a local SBA banker. In 2002, Wachovia Bank issued an SBA franchise loan to an entrepreneur in Melbourne, Florida. Because Fortune Personnel Consultants was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

FPC OF MELBOURNE FLORIDA
MELBOURNE, FL 32940

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561310 -

Loan Approval Date

7/31/2002

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $22,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fortune Personnel Consultants franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Melbourne FL, you ought to talk with a local Melbourne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Melbourne businesses.

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 Bank 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.

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