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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Woodstock, Business Loans > First Cherokee State Bank Woodstock Business Loans > Car Washes Loan | ||||
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Woodstock Bank Loan
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Woodstock, Georgia Bank Lends Money to Car Washes Company in Douglasville, GeorgiaWant to talk with a Woodstock, Georgia bank about a business loan? Here's one Georgia business loan, issued by a Woodstock bank, that was approved by the SBA. Applying for an SBA loan with First Cherokee State Bank worked out well for our friends at one local firm in Douglasville, Georgia. They got an SBA loan for $500,000. Great job! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender FIRST CHEROKEE STATE 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 811192 - Car Washes Loan Approval Date 6/13/2001 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First Cherokee State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Banking Deregulation's Effects on Entrepreneurship Best Woodstock, Georgia Banks for Small Business
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