Madison, Georgia Entrepreneur Gets a Small Business Loan

Would a Georgia small business loan help your small business to grow and prosper? If so, you may want to talk with this Georgia bank, which offers SBA loans to Georgia entrepreneurs.

Getting a small business loan in Madison, Georgia was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of North Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL FLORICULTURE NURSERY PRODUCTS
MADISON, GA 30650

SBA Loan Lender

BANK OF NORTH GEORGIA
1200 JOHNSON FERRY RD
MARIETTA, GA 30068

This business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0181 - Ornamental Floriculture Nursery Products

NAICS Code

111421 - Nursery and Tree Production

Loan Approval Date

11/14/2000

Loan Approval Gross Amount

$293,000

Loan Approval from the SBA

Of the total $293,000 loan amount, the SBA guaranteed $219,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of North Georgia and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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Find an SBA Lender in Marietta, Georgia

Georgia SBA Bank Lenders