Bank Of North Georgia Provides SBA Loan to Buy Relay Express Franchise

Need a loan to invest in a Relay Express franchise? Bank Of North Georgia has a history of making these loans and they are guaranteed by the SBA.

Relay Express franchise loans are available to Norcross, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of North Georgia, based in Alpharetta, Georgia, issued an SBA franchise loan for a Relay Express franchise in 2007. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

COASTAL CARGO SYSTEMS LLC
NORCROSS, GA 30093

SBA Loan Lender

BANK OF NORTH GEORGIA
8025 WESTSIDE PKWY
ALPHARETTA, GA 30004

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

492110 - Couriers and Express Delivery Services

Loan Approval Date

7/6/2007

Loan Approval Gross Amount

$132,600

Loan Approval from the SBA

Of the total $132,600 loan amount, the SBA guaranteed $112,710.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Relay Express franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of North Georgia so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Debt Financing

Small Business Banks in Alpharetta, Georgia

Getting an SBA Loan in Georgia