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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Norcross, Business Loans > Fidelity Bank Norcross Business Loans > Data Processing, Hosting, And Related Services Loan | ||||
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Small Business Banks for Duluth, Georgia Entrepreneurs
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Fidelity Bank Gives Bank Loan to Data Processing, Hosting, And Related Services CompanyGeorgiaSmall business loans are available to Georgia small business owners through the SBA. In this case, a Georgia bank provides the loan. By giving the right information to Fidelity Bank, this Duluth, Georgia business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: DATA PROCESSING, HOSTING, AND RELATED SERVICES SBA Loan Lender FIDELITY BANK This lender provides SBA loans 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 518210 - Data Processing, Hosting, and Related Services Loan Approval Date 8/17/2006 Loan Approval Gross Amount $1,160,000 Loan Approval from the SBA Of the total $1,160,000 loan amount, the SBA guaranteed $870,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: How Much Venture Capital Is There? Best Banks in Norcross, Georgia Getting an SBA Loan in Georgia
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