Manufacturing and Industrial Building Construction SBA Loans
With these SBA loans for manufacturing and industrial building construction, the SBA guarantees the lender that the loan will be repaid. This manufacturing and industrial building construction loan for $46,000 was given to a Georgia entrepreneur in 2002.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cumming, Georgia was able to borrow $46,000 from Bank Of America. The SBA made the loan possible by guaranteeing $23,000 of this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: MANUFACTURING AND INDUSTRIAL BUILDING CONSTRUCTION
CUMMING, GA 30041
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
233310 - Manufacturing and Industrial Building Construction
Loan Approval Date
10/22/2002
Loan Approval Gross Amount
$46,000
Loan Approval from the SBA
Of the total $46,000 loan amount, the SBA guaranteed $23,000.
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. The loan application indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
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:
How Equity Dilution Works
Who Lends Money to Small Businesses in Charlotte, North Carolina
SBA North Carolina Lenders