Greensboro, Georgia Entrepreneur Gets a Bank Loan

Bank loans in Georgia are tough to come by these days. We take a look at one Georgia bank loan, provided by a Georgia bank, that was approved by the SBA.

You can learn something about getting a small business loan in Greensboro, Georgia by studying this loan to a local company, made back in 2007. Banks like Bank Of North Georgia may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GRAPHIC DESIGN SERVICES
GREENSBORO, GA 30642

SBA Loan Lender

BANK OF NORTH GEORGIA
8025 WESTSIDE PKWY
ALPHARETTA, GA 30004

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541430 - Graphic Design Services

Loan Approval Date

9/28/2007

Loan Approval Gross Amount

$45,900

Loan Approval from the SBA

Of the total $45,900 loan amount, the SBA guaranteed $39,015.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Greensboro GA, you ought to talk with a local Greensboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greensboro businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of North Georgia had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of North Georgia made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

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Small Business Banks in Alpharetta, Georgia

Georgia SBA Banks