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December 20, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Conyers, Business Loans > Branch Bank & Trust Conyers Business Loans > Eating Places Loan | ||||
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Georgia Small Business SBA Loans
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Local Business Gets a Georgia Small Business LoanBusiness loans in Georgia are tough to come by these days. We take a look at one Georgia business loan, provided by a Georgia bank, that was approved by the SBA. Getting a small business loan in Athens, Georgia was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Branch Bank & Trust. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BRANCH BANK & TRUST This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/24/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 - How to Borrow Money Where to Get an SBA Loan in Conyers, Georgia
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