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May 6, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Kennesaw, Business Loans > Georgia Trust Bank Kennesaw Business Loans > Furniture Stores Loan | ||||
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SBA Lenders in Georgia
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Where to Get Capital for Furniture StoresWith these SBA loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $625,000 was given to a Georgia entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Canton, Georgia was able to borrow $625,000 from Georgia Trust Bank. The SBA made the loan possible by guaranteeing $468,750 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender GEORGIA TRUST BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 6/7/2007 Loan Approval Gross Amount $625,000 Loan Approval from the SBA Of the total $625,000 loan amount, the SBA guaranteed $468,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: The Friends and Family Network Find an SBA Lender in Kennesaw, Georgia
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