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May 10, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Cornelia, Business Loans > Community Bank & Trust Cornelia Business Loans > Drycleaning And Laundry Services Loan | ||||
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Cornelia, Georgia Bank for SBA Loans
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Cornelia, Georgia Lender Lends Money to Drycleaning And Laundry Services CompanyWant to talk with a Cornelia, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Cornelia bank, that was approved by the SBA. Applying for an SBA loan with Community Bank & Trust worked out well for our friends at one local company in Duluth, Georgia. They got an SBA loan for $210,000. Sweet! SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender COMMUNITY BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 2/10/2004 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Participating Banks in Cornelia, Georgia
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