Chatsworth, Georgia Bank Lends Money to Periodical Publishers Company in Signal Mountain, Tennessee

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

Applying for an SBA loan with Cohutta Banking Company worked out well for our friends at one local company in Signal Mountain, Tennessee. The business was able to get an SBA loan for $1,312,500. Nice!

SBA Loan Borrower

COMPANY TYPE: PERIODICAL PUBLISHERS
Signal Mountain, TN 37377

SBA Loan Lender

COHUTTA BANKING COMPANY
211 S 3RD AVE
CHATSWORTH, GA 30705

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511120 - Periodical Publishers

Loan Approval Date

6/7/2006

Loan Approval Gross Amount

$1,312,500

Loan Approval from the SBA

Of the total $1,312,500 loan amount, the SBA guaranteed $984,375.

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 SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

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

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.

We can help you find the best banks for small businesses in Signal Mountain or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Incubators

Best Banks for Small Business in Chatsworth, Georgia

Getting an SBA Loan in Georgia