Raising Money for Store Retailers

Looking for business loans for store retailers? Talk to a banker who works with the SBA. This $427,200 store retailers loan was issued by a Georgia bank.

This business knew how to go about getting a business bank loan. Based in Chamblee, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Highland Commercial Bank, based in Marietta, Georgia.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
CHAMBLEE, GA 30319

SBA Loan Lender

HIGHLAND COMMERCIAL BANK
3411 ERNEST BARRETT PKWY
MARIETTA, GA 30064

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

1/25/2008

Loan Approval Gross Amount

$427,200

Loan Approval from the SBA

Of the total $427,200 loan amount, the SBA guaranteed $320,400.

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 1 new job and retain 1 existing job.

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Small Business Credit Cards

SBA 7A Banks in Marietta, Georgia

Georgia SBA 7A Lenders