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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Cornerstonebank Atlanta Business Loans > Metalworking Machinery Manufacturing Loan | ||||
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Business Loans for Suwanee Businesses
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Borrowing Money for Metalworking Machinery ManufacturingWith these bank loans for metalworking machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This metalworking machinery manufacturing loan for $245,000 was given to a Georgia entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Suwanee, Georgia was able to borrow $245,000 from Cornerstonebank. The SBA made the loan possible by guaranteeing $183,750 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: METALWORKING MACHINERY MANUFACTURING SBA Loan Lender CORNERSTONEBANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333518 - Metalworking Machinery Manufacturing Loan Approval Date 4/24/2003 Loan Approval Gross Amount $245,000 Loan Approval from the SBA Of the total $245,000 loan amount, the SBA guaranteed $183,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: SBA Participating Banks in Atlanta, Georgia Getting an SBA Loan in Georgia
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