Crescent Bank & Trust Gives Business Loan to Gasoline Stations With Convenience Stores Company

Bank loans in Georgia are hard to find these days. We take a look at one Georgia bank loan, provided by a Georgia bank, that was approved by the SBA.

You can learn something about getting a small business loan in Acworth, Georgia by studying this loan to a local company, made back in 2003. Banks like Crescent Bank & Trust may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
ACWORTH, GA 30102

SBA Loan Lender

CRESCENT BANK & TRUST
7 CARING WAY
JASPER, GA 30143

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

7/28/2003

Loan Approval Gross Amount

$803,000

Loan Approval from the SBA

Of the total $803,000 loan amount, the SBA guaranteed $602,250.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Acworth GA, you ought to talk with a local Acworth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Acworth businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Crescent Bank & Trust 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.

Related Links:

Raising Venture Capital

Where to Get an SBA Loan in Jasper, Georgia

Getting an SBA Loan in Georgia