Georgia Entrepreneur Secures Financing to Buy Velocity Sports Performance Franchise

Borrowing money to purchase a Velocity Sports Performance franchise? Georgia Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Velocity Sports Performance franchise loans are available to Cumming, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Georgia Trust Bank, based in Buford, Georgia, issued an SBA franchise loan for a Velocity Sports Performance franchise in 2006. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

VELOCITY SPORTS PERFORMANCE OF
CUMMING, GA 30040

SBA Loan Lender

GEORGIA TRUST BANK
2725 MALL OF GEORGIA BLVD
BUFORD, GA 30519

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611620 - Sports and Recreation Instruction

Loan Approval Date

8/4/2006

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Velocity Sports Performance franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Velocity Sports Performance

Famous Venture Capitalists

Best Buford, Georgia Banks for Small Business

SBA Participating Banks in Georgia