Wachovia Bank Provides SBA Loan to Buy Rocky Mountain Chocolate Factory Franchise

Need money to invest in a Rocky Mountain Chocolate Factory franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Rocky Mountain Chocolate Factory franchise? If so, here's a 2001 SBA franchise loan that you should know about. Wachovia Bank was the lender and the entrepreneur was based in Saint Augustine, Florida.

SBA Loan Borrower

ROCKY MOUNTAIN CHOCOLATE FACTO
SAINT AUGUSTINE, FL 32084

SBA Loan Lender

WACHOVIA BANK
420 N 20TH ST
BIRMINGHAM, AL 35203

This lender provides SBA 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

311320 - Chocolate and Confectionery Manufacturing from Cacao Beans

Loan Approval Date

9/28/2001

Loan Approval Gross Amount

$172,800

Loan Approval from the SBA

Of the total $172,800 loan amount, the SBA guaranteed $129,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

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