Drinking Places Bank Loans

With these bank loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $605,000 was given to a Georgia entrepreneur in 2004.

Getting a small business loan in Atlanta, Georgia was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Security Bank Of North Metro, operating out of Woodstock, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
ATLANTA, GA 30307

SBA Loan Lender

SECURITY BANK OF NORTH METRO
155 TOWNE LAKE PKWY
WOODSTOCK, GA 30188

When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

4/7/2004

Loan Approval Gross Amount

$605,000

Loan Approval from the SBA

Of the total $605,000 loan amount, the SBA guaranteed $453,750.

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 7 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Bank Credit Lines

Best Banks in Woodstock, Georgia

Getting an SBA Loan in Georgia