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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Grocery And Related Products Wholesalers Loan | ||||
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SBA Lender Alpharetta Georgia
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Alpharetta, Georgia Entrepreneur Gets a Business LoanGeorgiaBusiness loans are available to Georgia business owners through the SBA. In this case, a New York bank provides the loan. Getting a small business loan in Alpharetta, Georgia was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Newtek Small Business Finance Inc.. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY AND RELATED PRODUCTS WHOLESALERS SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422490 - Grocery and Related Products Wholesalers Loan Approval Date 7/16/2004 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 12 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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 Newtek Small Business Finance Inc. 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: Find an SBA Lender in New York, New York
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