Georgia Entrepreneur Secures Financing to Buy Prohome Franchise
Need money to purchase a Prohome franchise? Cornerstonebank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Macon, Georgia needed money to invest in a Prohome franchise back in 2004. Cornerstonebank issued an SBA franchise loan. Here are the details on this Georgia small business loan.
SBA Loan Borrower
PRO HOME INTERNATIONAL
MACON, GA 31210
SBA Loan Lender
CORNERSTONEBANK
2060 MT PARAN RD NW, STE 100
ATLANTA, GA 30327
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.
NAICS Code
531311 - Residential Property Managers
Loan Approval Date
5/3/2004
Loan Approval Gross Amount
$105,000
Loan Approval from the SBA
Of the total $105,000 loan amount, the SBA guaranteed $89,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Prohome franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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