Wachovia SBA Lending, Inc.
SBA 7(a) Lending Profile · FY 2006 analysis
Industry Focus
Top industries served by Wachovia SBA Lending, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 167 | $104.3M | $624K | 5.4% |
| 541940 | Veterinary Services | 140 | $100.9M | $721K | 4.5% |
| 811111 | General Automotive Repair | 70 | $38.0M | $543K | 2.3% |
| 624410 | Child Care Services | 67 | $52.3M | $781K | 2.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 66 | $44.4M | $672K | 2.1% |
| 621320 | Offices of Optometrists | 41 | $16.1M | $393K | 1.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 39 | $23.9M | $614K | 1.3% |
| 541110 | Offices of Lawyers | 31 | $16.6M | $535K | 1.0% |
| 621310 | Offices of Chiropractors | 27 | $11.2M | $415K | 0.9% |
| 721110 | Hotels (except Casino Hotels) and Motels | 25 | $25.0M | $1.0M | 0.8% |
Geographic Distribution
SBA lending activity for Wachovia SBA Lending, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 684 | $408.1M | 22.1% |
| Florida (FL) | 423 | $288.2M | 13.6% |
| Texas (TX) | 217 | $130.7M | 7.0% |
| Colorado (CO) | 198 | $122.2M | 6.4% |
| Arizona (AZ) | 163 | $100.1M | 5.3% |
| Virginia (VA) | 103 | $64.8M | 3.3% |
| North Carolina (NC) | 90 | $63.9M | 2.9% |
| Washington (WA) | 105 | $63.0M | 3.4% |
| New Jersey (NJ) | 112 | $61.1M | 3.6% |
| Georgia (GA) | 87 | $57.6M | 2.8% |
| New York (NY) | 99 | $47.6M | 3.2% |
| Maryland (MD) | 70 | $39.2M | 2.3% |
| Massachusetts (MA) | 74 | $38.0M | 2.4% |
| Oregon (OR) | 57 | $37.0M | 1.8% |
| Ohio (OH) | 73 | $35.1M | 2.4% |
| Illinois (IL) | 55 | $34.3M | 1.8% |
| Pennsylvania (PA) | 62 | $30.8M | 2.0% |
| Indiana (IN) | 48 | $25.9M | 1.5% |
| Alabama (AL) | 46 | $25.8M | 1.5% |
| Michigan (MI) | 41 | $23.8M | 1.3% |
| New Mexico (NM) | 21 | $19.5M | 0.7% |
| Connecticut (CT) | 32 | $17.1M | 1.0% |
| Minnesota (MN) | 21 | $14.7M | 0.7% |
| Nevada (NV) | 22 | $12.9M | 0.7% |
| Kentucky (KY) | 27 | $9.4M | 0.9% |
| South Carolina (SC) | 20 | $9.0M | 0.6% |
| New Hampshire (NH) | 16 | $8.8M | 0.5% |
| Utah (UT) | 13 | $8.7M | 0.4% |
| Missouri (MO) | 17 | $8.3M | 0.5% |
| Delaware (DE) | 11 | $7.4M | 0.4% |
| Wisconsin (WI) | 12 | $6.5M | 0.4% |
| District of Columbia (DC) | 10 | $6.4M | 0.3% |
| Oklahoma (OK) | 13 | $6.4M | 0.4% |
| Tennessee (TN) | 14 | $5.9M | 0.5% |
| Kansas (KS) | 7 | $3.7M | 0.2% |
| Idaho (ID) | 13 | $3.5M | 0.4% |
| Nebraska (NE) | 6 | $2.8M | 0.2% |
| Louisiana (LA) | 5 | $2.8M | 0.2% |
| Maine (ME) | 1 | $1.5M | 0.0% |
| Rhode Island (RI) | 2 | $1.4M | 0.1% |
| Vermont (VT) | 2 | $1.1M | 0.1% |
| Arkansas (AR) | 3 | $1.1M | 0.1% |
| Wyoming (WY) | 3 | $1.1M | 0.1% |
| Alaska (AK) | 2 | $874K | 0.1% |
| Montana (MT) | 2 | $833K | 0.1% |
Why Choose Wachovia SBA Lending, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,102 SBA loans approved, totaling $1.86B in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Veterinary Services, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 5.31% with flexible term lengths averaging 223 months
- ✓Loan Range: Loan sizes from $12K to $2.2M, with an average of $599K
- ✓Nationwide Reach: Active lending in 45 states, with strong presence in CA, FL, TX
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 SBA Lending, Inc. SBA lending
What types of businesses does Wachovia SBA Lending, Inc. typically finance?
Wachovia SBA Lending, Inc. specializes in SBA 7(a) lending to specific industries including offices of dentists, veterinary services, general automotive repair, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wachovia SBA Lending, Inc.'s typical SBA loan terms?
Wachovia SBA Lending, Inc.'s SBA 7(a) loans typically feature an average interest rate of 5.31% and average term length of 223 months (approximately 19 years). Loan sizes range from $12K to $2.2M, with an average loan size of $599K.
Do I need a business valuation for a Wachovia SBA Lending, Inc. SBA loan?
Yes, Wachovia SBA Lending, 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 SBA Lending, Inc. compare to other SBA lenders?
Wachovia SBA Lending, Inc. has originated 3,102 SBA loans totaling $1.86B since 2020. 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 SBA Lending, Inc. lend in?
Wachovia SBA Lending, Inc. provides SBA 7(a) financing with particularly strong presence in CA, FL, TX, CO, AZ. 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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