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December 19, 2024  
 
 
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Jonesboro, Georgia Bank Gives SBA Loan to Pharmacies And Drug Stores Company

Get small business loans from a Jonesboro, Georgia bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Heritage Bank is a Jonesboro, Georgia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Georgia company.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
MORROW, GA 30260

SBA Loan Lender

HERITAGE BANK
101 N MAIN ST
JONESBORO, GA 30236

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

6/17/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

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

If you need business start up money in Morrow GA, you ought to talk with a local Morrow SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Morrow businesses.

We can help you find the best banks for small businesses in Morrow or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Understanding Dilution

Small Bank Loans in Jonesboro, Georgia

Georgia SBA 7A Lenders