Business Loans for Optical Goods Stores

With these business loans for optical goods stores, the SBA guarantees the lender that the loan will be repaid. This optical goods stores loan for $150,000 was given to a Georgia entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Woodstock, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First National Bank - Gwinnett, based in Duluth, Georgia.

SBA Loan Borrower

COMPANY TYPE: OPTICAL GOODS STORES
WOODSTOCK, GA 30114

SBA Loan Lender

FIRST NATIONAL BANK - GWINNETT
2734 MEADOW CHURCH RD
DULUTH, GA 30097

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

10/5/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 only one employee. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $150,000 loan. Remember, where there is a will, there is a way!

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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