Entrepreneur Works With Norcross, Georgia Bank to Get an SBA Loan

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

Applying for an SBA loan with Fidelity Bank worked out well for our friends at one local business in Norcross, Georgia. They got an SBA loan for $1,969,800. Nice!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
NORCROSS, GA 30093

SBA Loan Lender

FIDELITY BANK
3500 HOLCOMB BRIDGE RD
NORCROSS, GA 30092

This lender provides SBA loan for small businesses 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

721110 - Hotels and Motels

Loan Approval Date

12/6/2006

Loan Approval Gross Amount

$1,969,800

Loan Approval from the SBA

Of the total $1,969,800 loan amount, the SBA guaranteed $1,477,350.

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 2 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 9 existing jobs.

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

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fidelity Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - How to Decide How Much to Raise

Who Lends Money to Small Businesses in Norcross, Georgia

Getting a Business Loan in Georgia