Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Good Sources for Tampa SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Sealmaster Franchise Issued By Wachovia Sba Lending, Inc.

Borrowing money to purchase a Sealmaster franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sealmaster franchise shouldn't be overly burdensome. In 2003, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Tampa, Florida. Because Sealmaster was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

SEALMASTER
TAMPA, FL 33619

SBA Loan Lender

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

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

423990 - Durable Goods Merchant Wholesalers

Loan Approval Date

5/19/2003

Loan Approval Gross Amount

$1,084,200

Loan Approval from the SBA

Of the total $1,084,200 loan amount, the SBA guaranteed $813,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sealmaster franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

SealMaster Industries

Find Start-Up Capital

Small Business Banks in Roseville, California

Getting an SBA Loan in California