Buford, GA Entrepreneur Gets SBA Loan to Buy Pro Golf Franchise
Need money to invest in a Pro Golf franchise? United Community Bank has a history of making these loans and they are guaranteed by the SBA.
Pro Golf franchise loans are available to Buford, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Community Bank, based in Lawrenceville, Georgia, issued an SBA franchise loan for a Pro Golf franchise in 2004. We've got all the details on this Georgia small business loan.
SBA Loan Borrower
PRO GOLF DISCOUNT OF MALL OF G
BUFORD, GA 30519
SBA Loan Lender
UNITED COMMUNITY BANK
2230 RIVERSIDE PKWY
LAWRENCEVILLE, GA 30043
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
451110 - Sporting Goods Stores
Loan Approval Date
8/16/2004
Loan Approval Gross Amount
$137,500
Loan Approval from the SBA
Of the total $137,500 loan amount, the SBA guaranteed $116,875.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Pro Golf franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
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.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
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