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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Carrollton, Business Loans > Citizens Bank & Tr - W. Georgia Carrollton Business Loans > Bowling Centers Loan | ||||
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Getting a Commercial Loan from Citizens Bank & Tr - W. Georgia
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SBA Loan from Citizens Bank & Tr - W. Georgia Helps Bowling Centers CompanyAn SBA loan from Citizens Bank & Tr - W. Georgia typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Douglasville, Georgia business owner got a $1,752,000 loan. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citizens Bank & Tr - W. Georgia, out of Carrollton, Georgia. The loan was granted and they received $1,752,000 to help grow their Douglasville, Georgia business. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender CITIZENS BANK & TR - W. GEORGIA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713950 - Bowling Centers Loan Approval Date 2/21/2006 Loan Approval Gross Amount $1,752,000 Loan Approval from the SBA Of the total $1,752,000 loan amount, the SBA guaranteed $1,314,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 17 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 17 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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank & Tr - W. Georgia are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: SBA 7A Banks in Carrollton, Georgia
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