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November 14, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Midas Of North Brunswick Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in North Brunswick (township Of), New Jersey
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Loan to Buy Midas Muffler Shop Franchise Issued By Wachovia Sba Lending, Inc.Borrowing money to buy a Midas Muffler Shop franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Midas Muffler Shop franchise shouldn't be too tough. In 2003, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in North Brunswick (township Of), New Jersey. Because Midas Muffler Shop was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis. SBA Loan Borrower MIDAS OF NORTH BRUNSWICK SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 811112 - Automotive Exhaust System Repair Loan Approval Date 8/12/2003 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $900,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Midas International Corporation Small Bank Loans in Roseville, California
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