Wachovia Sba Lending, Inc. SBA Loan to Retail Nurseries, Lawn And Garden Supply Stores Company
Want an Arizona small business loan? Here's one Arizona business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Peoria, Arizona, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Wachovia Sba Lending, Inc., based in Roseville, California.
SBA Loan Borrower
COMPANY TYPE: RETAIL NURSERIES, LAWN AND GARDEN SUPPLY STORES
PEORIA, AZ 85345
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5261 - Retail Nurseries, Lawn and Garden Supply Stores
Loan Approval Date
1/13/2000
Loan Approval Gross Amount
$738,000
Loan Approval from the SBA
Of the total $738,000 loan amount, the SBA guaranteed $553,500.
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 31 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 31 existing jobs.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
The Friends and Family Network
Banks in Roseville, California
California SBA 7A Lenders