Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Orlando, Florida Businesses

 

 
Loan Census SBA Loan Info

Dentists Business Loans

With these business loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $1,146,000 was given to a Florida entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Orlando, Florida, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wachovia Sba Lending, Inc., based in Roseville, California.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
ORLANDO, FL 32803

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

12/27/2002

Loan Approval Gross Amount

$1,146,000

Loan Approval from the SBA

Of the total $1,146,000 loan amount, the SBA guaranteed $859,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Orlando FL, you ought to talk with a local Orlando SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orlando businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wachovia Sba Lending, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wachovia Sba Lending, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Roseville, California Loans

SBA California Lenders