Crescent Bank & Trust SBA Loan to Fitness And Recreational Sports Centers Company
An SBA loan from Crescent Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Woodstock, Georgia business owner got a $58,500 loan.
This small firm knew how to go about getting a business bank loan. Based in Woodstock, Georgia, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Crescent Bank & Trust, based in Jasper, Georgia.
SBA Loan Borrower
COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
WOODSTOCK, GA 30188
SBA Loan Lender
CRESCENT BANK & TRUST
7 CARING WAY
JASPER, GA 30143
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
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
4/10/2003
Loan Approval Gross Amount
$58,500
Loan Approval from the SBA
Of the total $58,500 loan amount, the SBA guaranteed $49,725.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. This SBA loan request indicated that the borrowed money would help create 40 new jobs.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Woodstock GA, you ought to talk with a local Woodstock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodstock businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Crescent Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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Georgia SBA Bank Lenders