 |
 |
November 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Georgia Business Loan Sources > Marietta, Business Loans > Bank Of North Georgia Marietta Business Loans > Integrated Record Production/distribution Loan | ||||
 |
||||
Advice for Business Owners On Getting a Loan
|
||||
 |
Integrated Record Production/Distribution Commercial LoansWith these commercial loans for integrated record production/distribution, the SBA guarantees the lender that the loan will be repaid. This integrated record production/distribution loan for $1,453,000 was given to a Georgia entrepreneur in 2005. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bank Of North Georgia, out of Marietta, Georgia. The loan was granted and they received $1,453,000 to help grow their Atlanta, Georgia business. SBA Loan Borrower COMPANY TYPE: INTEGRATED RECORD PRODUCTION/DISTRIBUTION SBA Loan Lender BANK OF NORTH GEORGIA This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 512220 - Integrated Record Production/Distribution Loan Approval Date 12/6/2005 Loan Approval Gross Amount $1,453,000 Loan Approval from the SBA Of the total $1,453,000 loan amount, the SBA guaranteed $1,089,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Bank Of North Georgia 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: SBA Approved Banks in Marietta, Georgia Getting an SBA Loan in Georgia
|
|
||
|
||||
|
|
||||