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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Alpharetta, Business Loans > Bank Of North Georgia Alpharetta Business Loans > Personal Services Loan | ||||
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SBA Lenders for Peachtree City, Georgia Small Business Owners
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Financing for Personal Care ServicesLooking for commercial loans for personal care services? Try the SBA. This $144,000 personal care services loan was issued by a Georgia bank. This business knew how to go about getting a business bank loan. Based in Peachtree City, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bank Of North Georgia, based in Alpharetta, Georgia. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender BANK OF NORTH GEORGIA This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 812199 - Personal Care Services Loan Approval Date 4/28/2003 Loan Approval Gross Amount $144,000 Loan Approval from the SBA Of the total $144,000 loan amount, the SBA guaranteed $122,400. 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 2 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of North Georgia had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of North Georgia made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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:
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