Community Bank & Trust SBA Loan to Automotive Services Company

Searching for a Georgia business loan? Here's one Georgia business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Flowery Branch, Georgia was able to borrow $711,000 from Community Bank & Trust. The SBA made the loan possible by guaranteeing $533,250 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
FLOWERY BRANCH, GA 30542

SBA Loan Lender

COMMUNITY BANK & TRUST
448 N MAIN ST
CORNELIA, GA 30531

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$711,000

Loan Approval from the SBA

Of the total $711,000 loan amount, the SBA guaranteed $533,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 27 employees. This SBA loan request indicated that the loan would help generate 27 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $711,000. How would you spend $711,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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