SBA Loans for Tire and Tube Wholesalers

With these SBA loans for tire and tube wholesalers, the SBA guarantees the lender that the loan will be repaid. This tire and tube wholesalers loan for $80,000 was given to a Georgia entrepreneur in 2002.

Getting a small business loan in Calhoun, Georgia was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from North Georgia National Bank, operating out of Calhoun, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
CALHOUN, GA 30701

SBA Loan Lender

NORTH GEORGIA NATIONAL BANK
350 W BELMONT DR
CALHOUN, GA 30701

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.

SIC Code

5014 - Tires and Tubes

NAICS Code

421130 - Tire and Tube Wholesalers

Loan Approval Date

11/27/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 North Georgia National Bank 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.

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