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December 20, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Jonesboro, Business Loans > Heritage Bank Jonesboro Business Loans > Carpet And Upholstery Cleaning Services Loan | ||||
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SBA Lender Mcdonough Georgia
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Get an SBA Loan for Carpet and Upholstery Cleaning ServicesLooking for loans for carpet and upholstery cleaning services? The SBA may be the answer. This $160,000 carpet and upholstery cleaning services loan was issued by a Georgia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mcdonough, Georgia was able to borrow $160,000 from Heritage Bank. The SBA made the loan possible by guaranteeing $120,000 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING SERVICES SBA Loan Lender HERITAGE BANK 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. NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 12/22/2005 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. 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 5 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Mcdonough GA, you ought to talk with a local Mcdonough SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mcdonough businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Determining Proper Capital Structure for a Business Best Jonesboro, Georgia Banks for Small Business
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