Wachovia Financial Services, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wachovia Financial Services, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 321992 | Prefabricated Wood Building Manufacturing | 1 | $450K | $450K | 4.3% |
| 441120 | Used Car Dealers | 1 | $150K | $150K | 4.3% |
| 561510 | Travel Agencies | 1 | $38K | $38K | 4.3% |
| 621310 | Offices of Chiropractors | 1 | $40K | $40K | 4.3% |
Geographic Distribution
SBA lending activity for Wachovia Financial Services, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 21 | $2.6M | 91.3% |
| New Jersey (NJ) | 1 | $175K | 4.3% |
| New York (NY) | 1 | $150K | 4.3% |
Why Choose Wachovia Financial Services, Inc.?
Based on SBA 7(a) lending track record from 1991-1995
- ✓Proven Track Record: 23 SBA loans approved, totaling $2.9M in financing
- ✓Industry Expertise: Specialized focus on Prefabricated Wood Building Manufacturing, Used Car Dealers, Travel Agencies
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $14K to $450K, with an average of $126K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in PA, NY, NJ
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 Financial Services, Inc. SBA lending
What types of businesses does Wachovia Financial Services, Inc. typically finance?
Wachovia Financial Services, Inc. specializes in SBA 7(a) lending to specific industries including prefabricated wood building manufacturing, used car dealers, travel agencies, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wachovia Financial Services, Inc.'s typical SBA loan terms?
Wachovia Financial Services, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 106 months (approximately 9 years). Loan sizes range from $14K to $450K, with an average loan size of $126K.
Do I need a business valuation for a Wachovia Financial Services, Inc. SBA loan?
Yes, Wachovia Financial Services, Inc. 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 Financial Services, Inc. compare to other SBA lenders?
Wachovia Financial Services, Inc. has originated 23 SBA loans totaling $2.9M since 1991. 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 Financial Services, Inc. lend in?
Wachovia Financial Services, Inc. provides SBA 7(a) financing with particularly strong presence in PA, NY, NJ. 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.
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