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November 21, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > The Privatebank Atlanta Business Loans > Discovery Point Loan | ||||
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Advice for Financing a Franchise
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Dallas, GA Entrepreneur Gets SBA Loan to Buy Discovery Point FranchiseBorrowing money to purchase a Discovery Point franchise? The Privatebank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Discovery Point franchise shouldn't be too tough. In 2004, The Privatebank issued an SBA franchise loan to an entrepreneur in Dallas, Georgia. Because Discovery Point was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower DISCOVERY POINT SBA Loan Lender THE PRIVATEBANK 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 624410 - Child Day Care Services Loan Approval Date 3/24/2004 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Discovery Point franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Privatebank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Privatebank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Borrow Money
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