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May 11, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Gainesville, Business Loans > Gainesville Bank & Trust Gainesville Business Loans > Nail Salons Loan | ||||
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Gainesville Bank & Trust Business Loans Duluth
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Gainesville Bank & Trust SBA Loan to Nail Salons CompanyAn SBA loan from Gainesville Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Duluth, Georgia business owner got a $350,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Duluth, Georgia was able to borrow $350,000 from Gainesville Bank & Trust. The SBA made the loan possible by guaranteeing $262,500 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: NAIL SALONS SBA Loan Lender GAINESVILLE BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812113 - Nail Salons Loan Approval Date 1/25/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 14 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: Obtaining Funding - How to Decide How Much to Raise
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