Calhoun, Georgia Bank Lends Money to Automotive Services Company in Maryville, Tennessee

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

Applying for an SBA loan with Georgia Bank & Trust worked out well for our friends at one local company in Maryville, Tennessee. They received an SBA loan for $780,000. Great job!

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
MARYVILLE, TN 37922

SBA Loan Lender

GEORGIA BANK & TRUST
135 BRYANT PKWY
CALHOUN, GA 30701

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$780,000

Loan Approval from the SBA

Of the total $780,000 loan amount, the SBA guaranteed $585,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $780,000. How would you spend $780,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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