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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Lawrenceville, Business Loans > First Charter Bank Lawrenceville Business Loans > Commercial And Institutional Building Construction Loan | ||||
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How to Get SBA Loans in Cumming, Georgia
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Small Business Loans for Commercial and Institutional Building ConstructionLooking for small business loans for commercial and institutional building construction? An SBA loan may be just what you've been looking for. This $824,000 commercial and institutional building construction loan was issued by a Georgia bank. This company knew how to go about getting a business bank loan. Based in Cumming, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Charter Bank, based in Lawrenceville, Georgia. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender FIRST CHARTER BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236220 - Commercial and Institutional Building Construction Loan Approval Date 5/10/2005 Loan Approval Gross Amount $824,000 Loan Approval from the SBA Of the total $824,000 loan amount, the SBA guaranteed $618,000. 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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Charter Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks for Lawrenceville, Georgia Loans
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