Wachovia Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wachovia Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 532420 | Office Machinery and Equipment Rental and Leasing | 1 | $75K | $75K | 100.0% |
Geographic Distribution
SBA lending activity for Wachovia Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 1 | $75K | 100.0% |
Why Choose Wachovia Corporation?
Based on SBA 7(a) lending track record from 1995-1995
- ✓Proven Track Record: 1 SBA loans approved, totaling $75K in financing
- ✓Industry Expertise: Specialized focus on Office Machinery and Equipment Rental and Leasing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 36 months
- ✓Loan Range: Loan sizes from $75K to $75K, with an average of $75K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Wachovia Corporation SBA lending
What types of businesses does Wachovia Corporation typically finance?
Wachovia Corporation specializes in SBA 7(a) lending to specific industries including office machinery and equipment rental and leasing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wachovia Corporation's typical SBA loan terms?
Wachovia Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 36 months (approximately 3 years). Loan sizes range from $75K to $75K, with an average loan size of $75K.
Do I need a business valuation for a Wachovia Corporation SBA loan?
Yes, Wachovia Corporation typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Wachovia Corporation compare to other SBA lenders?
Wachovia Corporation has originated 1 SBA loans totaling $75K since 1995. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Wachovia Corporation lend in?
Wachovia Corporation provides SBA 7(a) financing with particularly strong presence in PA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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