Wachovia Sba Lending, Inc. SBA Loan to Beauty Salons Company

Wachovia Sba Lending, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Jersey entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wyckoff (township Of), New Jersey was able to borrow $1,975,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $1,201,200 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
WYCKOFF (TOWNSHIP OF), NJ 07481

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

812112 - Beauty Salons

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$1,975,000

Loan Approval from the SBA

Of the total $1,975,000 loan amount, the SBA guaranteed $1,201,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Wyckoff (township Of) NJ, you ought to talk with a local Wyckoff (township Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wyckoff (township Of) businesses.

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.

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