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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Martinez, Business Loans > First Bank Of Georgia Martinez Business Loans > Limited-Service Restaurants Loan | ||||
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First Bank Of Georgia Loans
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Limited-Service Restaurants Bank LoansLooking for bank loans for limited-service restaurants? Talk to a banker who works with the SBA. This $282,150 limited-service restaurants loan was issued by a Georgia bank. This company knew how to go about getting a business bank loan. Based in Evans, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Bank Of Georgia, based in Martinez, Georgia. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender FIRST BANK OF GEORGIA This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/15/2003 Loan Approval Gross Amount $282,150 Loan Approval from the SBA Of the total $282,150 loan amount, the SBA guaranteed $211,613. 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 5 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Bank Of Georgia and they will explain how you can get an SBA loan for your company. 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 Small Business Banks in Martinez, Georgia
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