First Charter Bank Provides SBA Loan to Buy Ductbusters Franchise

Need money to invest in a Ductbusters franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tyrone, Georgia needed money to invest in a Ductbusters franchise back in 2007. First Charter Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

DUCTBUSTERS
TYRONE, GA 30290

SBA Loan Lender

FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333415 - Air-Conditioning and Warm Air Heating Equipment

Loan Approval Date

1/8/2007

Loan Approval Gross Amount

$288,900

Loan Approval from the SBA

Of the total $288,900 loan amount, the SBA guaranteed $216,675.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ductbusters franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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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