Gwinnett Community Bank Gives Bank Loan to Travel Agencies Company

GeorgiaSBA loans are available to Georgia entrepreneurs through the SBA. In this case, a Georgia bank provides the loan.

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

SBA Loan Borrower

COMPANY TYPE: TRAVEL AGENCIES
DULUTH, GA 30096

SBA Loan Lender

GWINNETT COMMUNITY BANK
2775 BUFORD HWY
DULUTH, GA 30096

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561510 - Travel Agencies

Loan Approval Date

3/22/2007

Loan Approval Gross Amount

$196,821

Loan Approval from the SBA

Of the total $196,821 loan amount, the SBA guaranteed $147,616.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 49 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Equity Financing

SBA Approved Banks in Duluth, Georgia

Getting an SBA Loan in Georgia