Mission Viejo, CA Entrepreneur Gets SBA Loan to Buy Exxon Franchise
Borrowing money to buy an Exxon franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an Exxon franchise? If so, here's a 2007 SBA franchise loan that you should know about. Wachovia Sba Lending, Inc. was the lender and the entrepreneur was based in Mission Viejo, California.
SBA Loan Borrower
GREGG'S MISSION VIEJO MOBILE
MISSION VIEJO, CA 92692
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
12/20/2007
Loan Approval Gross Amount
$298,100
Loan Approval from the SBA
Of the total $298,100 loan amount, the SBA guaranteed $223,575.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an Exxon 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.
Great, But How Can I Get an SBA Loan for My Business?
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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia Sba Lending, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
ExxonMobil Corporation
Alternative Financing
Banks in Roseville, California
SBA Participating Banks in California