Crescent Bank & Trust Provides SBA Loan to Buy American Bodyworks Franchise
Borrowing money to invest in an American Bodyworks franchise? Crescent Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Woodstock, Georgia needed money to invest in an American Bodyworks franchise back in 2007. Crescent Bank & Trust issued an SBA franchise loan. Here are the details on this Georgia small business loan.
SBA Loan Borrower
AMERICAN BODYWORKS OF WOODSTOC
WOODSTOCK, GA 30189
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
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
12/12/2007
Loan Approval Gross Amount
$347,000
Loan Approval from the SBA
Of the total $347,000 loan amount, the SBA guaranteed $260,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an American Bodyworks franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $347,000 loan. Remember, if it to be, it is up to me!
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:
American Bodyworks
Debt Financing
SBA 7A Banks for Jasper, Georgia Loans
Getting a Business Loan in Georgia