SBA Loans for Holding Companies

Looking for SBA loans for holding companies? Talk to a banker who works with the SBA. This $841,000 holding companies loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wachovia Sba Lending, Inc., out of Roseville, California. The loan was granted and they received $841,000 to help grow their Seattle, Washington business.

SBA Loan Borrower

COMPANY TYPE: OFFICES OF HOLDING COMPANIES, N.E.C
SEATTLE, WA 98122

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This lender provides SBA business 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.

SIC Code

6719 - Offices of Holding Companies, N.E.C

NAICS Code

551112 - Holding Companies

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$841,000

Loan Approval from the SBA

Of the total $841,000 loan amount, the SBA guaranteed $630,750.

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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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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