Woodstock, Georgia Bank Gives SBA Loan to Animal Specialty Services Company

Thinking about meeting with a Woodstock, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Woodstock bank, that was approved by the SBA.

Applying for an SBA loan with First Cherokee State Bank worked out well for our friends at one local firm in Canton, Georgia. They received an SBA loan for $320,000. Great job!

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTY SERVICES
CANTON, GA 30115

SBA Loan Lender

FIRST CHEROKEE STATE BANK
9860 HWY 92
WOODSTOCK, GA 30188

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.

SIC Code

0752 - Animal Specialty Services

Loan Approval Date

9/11/2000

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Cherokee State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Cherokee State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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