Entrepreneur Works With Duluth, Georgia Bank to Get an SBA Loan
Want to talk with a Duluth, Georgia bank about an SBA loan? Here's one Alabama business loan, issued by a Duluth bank, that was approved by the SBA.
Applying for an SBA loan with Haven Trust Bank worked out well for our friends at one local firm in Auburn, Alabama. They got an SBA loan for $72,500. Great job!
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
AUBURN, AL 36830
SBA Loan Lender
HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445120 - Convenience Stores
Loan Approval Date
11/20/2006
Loan Approval Gross Amount
$72,500
Loan Approval from the SBA
Of the total $72,500 loan amount, the SBA guaranteed $61,625.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My 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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Haven Trust Bank and they will explain how you can get an SBA loan for your company.
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:
Understanding Dilution
SBA 7A Banks for Duluth, Georgia Loans
Getting an SBA Loan in Georgia