Marietta, Georgia Bank Lends Money to Relay And Industrial Control Manufacturing Company in Stone Mountain, Georgia

Find Marietta, Georgia banks that specialize in SBA loans and know how to work with entrepreneurs. Bank Of North Georgia is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Stone Mountain, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Bank Of North Georgia. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: RELAY AND INDUSTRIAL CONTROL MANUFACTURING
STONE MOUNTAIN, GA 30083

SBA Loan Lender

BANK OF NORTH GEORGIA
269 ROSWELL ST
MARIETTA, GA 30060

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335314 - Relay and Industrial Control Manufacturing

Loan Approval Date

3/7/2001

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of North Georgia and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Raising VC Money for Social Networking Companies

SBA Participating Banks in Marietta, Georgia

Georgia SBA 7A Banks