Business Loan from Wachovia Sba Lending, Inc. Given to Building Cleaning And Maintenance Services, N.E.C Company
Wachovia Sba Lending, Inc. and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Naples, Florida was able to borrow $657,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $492,750 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: BUILDING CLEANING AND MAINTENANCE SERVICES, N.E.C
NAPLES, FL 34109
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. Under this program, banks that work with the SBA are able to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7349 - Building Cleaning and Maintenance Services, N.E.C
NAICS Code
561790 - Services to Buildings and Dwellings
Loan Approval Date
5/18/2006
Loan Approval Gross Amount
$657,000
Loan Approval from the SBA
Of the total $657,000 loan amount, the SBA guaranteed $492,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 21 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company.
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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