Wachovia Sba Lending, Inc. Gives Bank Loan to Child Day Care Services Company

GeorgiaSmall business loans are available to Georgia small business owners through the SBA. In this case, a California bank provides the loan.

Getting a small business loan in Rex, Georgia was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Sba Lending, Inc.. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
REX, GA 30273

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.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/13/2007

Loan Approval Gross Amount

$1,605,000

Loan Approval from the SBA

Of the total $1,605,000 loan amount, the SBA guaranteed $1,203,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 17 new jobs and retain 1 existing job.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wachovia Sba Lending, Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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