Get an SBA Loan for Language Schools

With these small business loans for language schools, the SBA guarantees the lender that the loan will be repaid. This language schools loan for $332,000 was given to a Georgia entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Conley, Georgia was able to borrow $332,000 from The Buckhead Community Bank. The SBA made the loan possible by guaranteeing $249,000 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: LANGUAGE SCHOOLS
CONLEY, GA 30288

SBA Loan Lender

THE BUCKHEAD COMMUNITY BANK
415 E PACES FERRY RD
ATLANTA, GA 30305

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611630 - Language Schools

Loan Approval Date

3/14/2005

Loan Approval Gross Amount

$332,000

Loan Approval from the SBA

Of the total $332,000 loan amount, the SBA guaranteed $249,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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