Wachovia Bank SBA Loan to Gasoline Service Stations Company

Want a Florida small business loan? Here's one Florida business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Miami Beach, Florida was able to borrow $1,000,000 from Wachovia Bank. The SBA made the loan possible by guaranteeing $750,000 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
NORTH MIAMI BEACH, FL 33161

SBA Loan Lender

WACHOVIA BANK
450 AUSTRALIAN AVE
WEST PALM BEACH, FL 33401

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

3/23/2000

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

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 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your 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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Getting a Small Business Loan

Small Bank Loans in West Palm Beach, Florida

SBA Florida Banks