Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Taco Bell Franchise

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

If you live near Taos, New Mexico and are interested in buying a Taco Bell franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Wachovia Sba Lending, Inc.. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GINGER'S GOURMET GOODIES INC
TAOS, NM 87571

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

722211 - Limited-Service Restaurants

Loan Approval Date

3/6/2001

Loan Approval Gross Amount

$878,000

Loan Approval from the SBA

Of the total $878,000 loan amount, the SBA guaranteed $658,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Bell franchise. At the time of the loan, the company had 35 employees. This SBA loan request indicated that the loan would help generate 35 new jobs and retain 35 existing jobs.

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

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $878,000 loan. Remember, things become real when you believe you can achieve them!

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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