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December 19, 2024  
 
 
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SBA 7A Banks for Small Businesses in Georgia

 

 
Loan Census SBA Loan Info

Local Business Gets a Georgia SBA Loan

GeorgiaBusiness loans are available to Georgia business owners through the SBA. In this case, a Georgia bank provides the loan.

Getting a small business loan in Waleska, Georgia was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Crescent Bank & Trust. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
WALESKA, GA 30183

SBA Loan Lender

CRESCENT BANK & TRUST
7 CARING WAY
JASPER, GA 30143

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/22/2007

Loan Approval Gross Amount

$161,100

Loan Approval from the SBA

Of the total $161,100 loan amount, the SBA guaranteed $120,825.

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 7 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $161,100 loan. Remember, fight for what you want, and it will be yours!

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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