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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winston Salem, Business Loans > Wachovia Bank Winston Salem Business Loans > Drycleaning And Laundry Services Loan | ||||
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Small Business Banks for Small Businesses in Florida
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Wachovia Bank Gives Business Loan to Drycleaning And Laundry Services CompanyFloridaBusiness loans are available to Florida business owners through the SBA. In this case, a North Carolina bank provides the loan. Getting a small business loan in West Palm Beach, Florida was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Bank. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender WACHOVIA BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 812320 - Drycleaning and Laundry Services Loan Approval Date 8/20/2002 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 16 new jobs and retain 16 existing jobs. Next Steps for Getting an SBA Loan 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Bank and they will explain how you can get an SBA loan for your company. 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: Where to Get an SBA Loan in Winston Salem, North Carolina Getting an SBA Loan in North Carolina
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