Loan to Buy Village Inn Restaurant Franchise Issued By Wachovia Sba Lending, Inc.

Borrowing money to invest in a Village Inn Restaurant franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Wyoming, Minnesota needed money to invest in a Village Inn Restaurant franchise back in 2000. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

VILLAGE INN RESTAURANT
WYOMING, MN 55092

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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/26/2000

Loan Approval Gross Amount

$1,458,000

Loan Approval from the SBA

Of the total $1,458,000 loan amount, the SBA guaranteed $706,794.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Village Inn Restaurant franchise. At the time of the loan, the company had 55 employees. The SBA loan application for the borrower indicated that the loan would help generate 55 new jobs and retain 55 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia Sba Lending, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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