Cut Stone and Stone Product Manufacturing Commercial Loans

Looking for commercial loans for cut stone and stone product manufacturing? An SBA loan may be just what you've been looking for. This $291,500 cut stone and stone product manufacturing loan was issued by a Georgia bank.

This small business knew how to go about getting a business bank loan. Based in Elberton, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Northeast Georgia Bank, based in Lavonia, Georgia.

SBA Loan Borrower

COMPANY TYPE: CUT STONE AND STONE PRODUCT MANUFACTURING
ELBERTON, GA 30635

SBA Loan Lender

NORTHEAST GEORGIA BANK
12461 AUGUSTA RD
LAVONIA, GA 30553

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327991 - Cut Stone and Stone Product Manufacturing

Loan Approval Date

7/18/2002

Loan Approval Gross Amount

$291,500

Loan Approval from the SBA

Of the total $291,500 loan amount, the SBA guaranteed $218,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Northeast Georgia Bank 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:

Small Business Credit Cards

SBA 7A Lenders in Lavonia, Georgia

Getting an SBA Loan in Georgia