Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Georgia Small Business Funding

 

 
Loan Census SBA Loan Info

Financing for Full-Service Restaurants

Looking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $829,800 full-service restaurants loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Adairsville, Georgia was able to borrow $829,800 from Sunrise Bank Of Atlanta. The SBA made the loan possible by guaranteeing $622,350 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
ADAIRSVILLE, GA 30103

SBA Loan Lender

SUNRISE BANK OF ATLANTA
600 W PEACHTREE ST NW, STE 30
ATLANTA, GA 30308

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

722110 - Full-Service Restaurants

Loan Approval Date

10/17/2005

Loan Approval Gross Amount

$829,800

Loan Approval from the SBA

Of the total $829,800 loan amount, the SBA guaranteed $622,350.

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 only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Adairsville GA, you ought to talk with a local Adairsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Adairsville businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sunrise Bank Of Atlanta and they will explain how you can get an SBA loan for your company.

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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