Conyers, Georgia Entrepreneur Gets a Bank Loan

Would a Georgia small business loan help your small business to grow and prosper? If so, you may want to talk with this New York bank, which offers SBA loans to Georgia entrepreneurs.

Getting a small business loan in Conyers, Georgia was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Shinhan Bank America. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
Conyers, GA 30013

SBA Loan Lender

SHINHAN BANK AMERICA
330 FIFTH AVE, 4TH FL
NEW YORK CITY, NY 10016

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

11/23/2007

Loan Approval Gross Amount

$426,000

Loan Approval from the SBA

Of the total $426,000 loan amount, the SBA guaranteed $319,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $426,000 loan. Remember, anyone can do it... so why not you?

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:

Realistic Debt Financing Options

Who Lends Money to Small Businesses in New York City, New York

New York SBA 7A Lenders