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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Cartersville, Business Loans > Unity National Bank Cartersville Business Loans > Variety Stores Loan | ||||
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SBA 7A Banks for Adairsville, Georgia Business Owners
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Loans for General Merchandise StoresLooking for loans for general merchandise stores? Try the SBA. This $42,500 general merchandise stores loan was issued by a Georgia bank. Getting a small business loan in Adairsville, Georgia was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Unity National Bank, operating out of Cartersville, Georgia. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: VARIETY STORES SBA Loan Lender UNITY NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5331 - Variety Stores NAICS Code 452990 - General Merchandise Stores Loan Approval Date 6/6/2000 Loan Approval Gross Amount $42,500 Loan Approval from the SBA Of the total $42,500 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Unity National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Friends and Family SBA 7A Banks for Cartersville, Georgia Loans
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