Chatsworth, Georgia Bank Lends Money to Full-Service Restaurants Company in Jacksonville, Florida

Thinking about meeting with a Chatsworth, Georgia bank about a business loan? Here's one Florida business loan, issued by a Chatsworth bank, that was approved by the SBA.

Applying for an SBA loan with Cohutta Banking Company worked out well for our friends at one local firm in Jacksonville, Florida. They got an SBA loan for $141,700. Way to go!

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
Jacksonville, FL 32244

SBA Loan Lender

COHUTTA BANKING COMPANY
211 S 3RD AVE
CHATSWORTH, GA 30705

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

722110 - Full-Service Restaurants

Loan Approval Date

10/24/2006

Loan Approval Gross Amount

$141,700

Loan Approval from the SBA

Of the total $141,700 loan amount, the SBA guaranteed $120,445.

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 2 employees. This SBA loan request indicated that the loan would help generate 16 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $141,700 loan. Remember, where there is a will, there is a way!

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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