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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Griffin, Business Loans > First National Bank Of Griffin Griffin Business Loans > Child Day Care Services Loan | ||||
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Griffin Bank Loan
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Griffin, Georgia Bank Gives SBA Loan to Child Day Care Services CompanyA Griffin, Georgia small business loan can be yours. Learn how a business got a $1,575,000 business loan from this Georgia bank. This loan to an entrepreneur is a good example of an SBA loan. First National Bank Of Griffin made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST NATIONAL BANK OF GRIFFIN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 5/11/2004 Loan Approval Gross Amount $1,575,000 Loan Approval from the SBA Of the total $1,575,000 loan amount, the SBA guaranteed $1,181,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $1,575,000. How would you spend $1,575,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Dealing With Venture Capitalists SBA 7A Lenders in Griffin, Georgia
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