Activities Related to Credit Intermediation Small Business Loans

With these small business loans for activities related to credit intermediation, the SBA guarantees the lender that the loan will be repaid. This activities related to credit intermediation loan for $50,000 was given to a Georgia entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lawrenceville, Georgia was able to borrow $50,000 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $42,500 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: MORTGAGE BANKERS AND LOAN CORRESPONDENTS
LAWRENCEVILLE, GA 30043

SBA Loan Lender

BRANCH BANK & TRUST
2019 SCENIC HWY
SNELLVILLE, GA 30078

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6162 - Mortgage Bankers and Loan Correspondents

NAICS Code

522390 - Activities Related to Credit Intermediation

Loan Approval Date

2/26/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Branch Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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