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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Transportation Equipment Manufacturing Loan | ||||
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Duluth, Georgia SBA 7A Banks
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Duluth, Georgia Bank Gives SBA Loan to Transportation Equipment Manufacturing CompanyThinking about meeting with a Duluth, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Duluth bank, that was approved by the SBA. Applying for an SBA loan with Haven Trust Bank worked out well for our friends at one local firm in Griffin, Georgia. They got an SBA loan for $506,700. Nice! SBA Loan Borrower COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING SBA Loan Lender HAVEN TRUST BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336999 - Transportation Equipment Manufacturing Loan Approval Date 3/29/2004 Loan Approval Gross Amount $506,700 Loan Approval from the SBA Of the total $506,700 loan amount, the SBA guaranteed $380,025. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Haven Trust Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Approved Banks in Duluth, Georgia
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