Wachovia Sba Lending, Inc. SBA Loan to Eating Places Company

Searching for a California business loan? Here's one California business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Roseville, California was able to borrow $483,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $362,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
ROSEVILLE, CA 95661

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
PO BOX 13278
SACRAMENTO, CA 95813

This small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$483,000

Loan Approval from the SBA

Of the total $483,000 loan amount, the SBA guaranteed $362,250.

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 14 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Roseville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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