Buford, Georgia Business Gets SBA-Guaranteed Funding from First Charter Bank

An SBA loan from First Charter Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Buford, Georgia business owner got a $1,770,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Charter Bank, out of Lawrenceville, Georgia. The loan was granted and they received $1,770,000 to help grow their Buford, Georgia business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
BUFORD, GA 30515

SBA Loan Lender

FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045

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

624410 - Child Day Care Services

Loan Approval Date

6/10/2005

Loan Approval Gross Amount

$1,770,000

Loan Approval from the SBA

Of the total $1,770,000 loan amount, the SBA guaranteed $1,327,500.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 19 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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:

Determining Proper Capital Structure for a Business

Good Banks for Small Business in Lawrenceville, Georgia

Getting an SBA Loan in Georgia