Loan to Buy Pinch-A-Penny Franchise Issued By Wachovia Sba Lending, Inc.
Need a loan to purchase a Pinch-A-Penny franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Naples, Florida needed money to invest in a Pinch-A-Penny franchise back in 2006. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
PINCH A PENNY STORE #122
NAPLES, FL 34120
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. This program helps the United States banking system to provide commercial loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
12/21/2006
Loan Approval Gross Amount
$505,000
Loan Approval from the SBA
Of the total $505,000 loan amount, the SBA guaranteed $378,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Pinch-A-Penny franchise. At the time of the loan, the company
had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
Pinch A Penny, Inc.
Borrowing Money from Friends and Family
SBA 7A Banks for Roseville, California Loans
Getting an SBA Loan in California