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November 24, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Clothing Stores Loan | ||||
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Banks for Richmond, Virginia Small Businesses
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Clothing Stores LoansLooking for loans for clothing stores? Talk to a banker who works with the SBA. This $952,000 clothing stores loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richmond, Virginia was able to borrow $952,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $714,000 of this Virginia small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 448190 - Clothing Stores Loan Approval Date 4/10/2006 Loan Approval Gross Amount $952,000 Loan Approval from the SBA Of the total $952,000 loan amount, the SBA guaranteed $714,000. 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 52 employees. The SBA loan documents indicated that the loan would help retain 52 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Decide How Much to Raise Best Roseville, California Banks for Small Business
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