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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Norcross, Business Loans > Fidelity Bank Norcross Business Loans > Machine Shops Loan | ||||
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Georgia Small Business Funding
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Loans for Machine ShopsWith these loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $373,500 was given to a Georgia entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Chamblee, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Fidelity Bank, based in Norcross, Georgia. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender FIDELITY BANK 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 332710 - Machine Shops Loan Approval Date 11/16/2001 Loan Approval Gross Amount $373,500 Loan Approval from the SBA Of the total $373,500 loan amount, the SBA guaranteed $280,125. More Information on This SBA Loan The borrower borrowed this money for an existing 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 6 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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