Loans for Manufacturing
With these loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $117,000 was given to a Georgia entrepreneur in 2006.
This small firm 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 2006. The lending bank was Branch Bank & Trust, based in Covington, Georgia.
SBA Loan Borrower
COMPANY TYPE: MANUFACTURING
CUMMING, GA 30040
SBA Loan Lender
BRANCH BANK & TRUST
1134 CLARK ST
COVINGTON, GA 30326
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.
NAICS Code
339999 - Manufacturing
Loan Approval Date
6/27/2006
Loan Approval Gross Amount
$117,000
Loan Approval from the SBA
Of the total $117,000 loan amount, the SBA guaranteed $99,450.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Branch Bank & Trust 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:
Choosing VC Firms
Small Bank Loans in Covington, Georgia
Getting an SBA Loan in Georgia