Woodstock, Georgia Lender Lends Money to Eating Places Company

Want to talk with a Woodstock, Georgia bank about a small business loan? Here's one Georgia business loan, issued by a Woodstock bank, that was approved by the SBA.

Applying for an SBA loan with First Cherokee State Bank worked out well for our friends at one local company in Rome, Georgia. The business was able to get an SBA loan for $627,900. Awesome!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
ROME, GA 30165

SBA Loan Lender

FIRST CHEROKEE STATE BANK
9860 HWY 92
WOODSTOCK, GA 30188

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

9/14/2000

Loan Approval Gross Amount

$627,900

Loan Approval from the SBA

Of the total $627,900 loan amount, the SBA guaranteed $470,925.

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 only one employee. The loan application indicated that the funding would help generate 10 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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