Loan to Buy Century 21 Franchise Issued By Wachovia Bank

Need money to buy a Century 21 franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Century 21 franchise loans are available to Tamarac, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Bank, based in Charlotte, North Carolina, issued an SBA franchise loan for a Century 21 franchise in 2005. We've got all the details on this Florida small business loan.

SBA Loan Borrower

ELDORADO REALTY, CORP.
Tamarac, FL 33321

SBA Loan Lender

WACHOVIA BANK
301 S COLLEGE ST MAIN LOBBY
CHARLOTTE, NC 28202

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

3/2/2005

Loan Approval Gross Amount

$63,000

Loan Approval from the SBA

Of the total $63,000 loan amount, the SBA guaranteed $31,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 26 new jobs and retain 4 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Century 21 Real Estate Corporation

Business Cash Advances

SBA Banks in Charlotte, North Carolina

SBA Participating Banks in North Carolina