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December 23, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Flooring Contractors Loan | ||||
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Roseville, California Bank for SBA Loans
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Roseville, California Bank Lends Money to Flooring Contractors Company in Riverton, New JerseyGet to know Roseville, California banks that specialize in SBA loans and know how to work with entrepreneurs. Wachovia Sba Lending, Inc. is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Riverton, New Jersey starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Wachovia Sba Lending, Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FLOORING CONTRACTORS SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238330 - Flooring Contractors Loan Approval Date 8/25/2003 Loan Approval Gross Amount $537,000 Loan Approval from the SBA Of the total $537,000 loan amount, the SBA guaranteed $402,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Riverton NJ, you ought to talk with a local Riverton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Riverton businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Accountant's Role in Securing Financing SBA Banks in Roseville, California
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