Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Giffin, Georgia

 

 
Loan Census SBA Loan Info

Giffin, GA Entrepreneur Gets SBA Loan to Buy Ace Cash Express Franchise

Need a loan to buy an Ace Cash Express franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

If you live near Giffin, Georgia and are interested in buying an Ace Cash Express franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Bank Of The West. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AMERICA'S CASH EXPRESS
GIFFIN, GA 30223

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

1/11/2001

Loan Approval Gross Amount

$129,500

Loan Approval from the SBA

Of the total $129,500 loan amount, the SBA guaranteed $110,075.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ace Cash Express franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Giffin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

ACE Cash Express, Inc.

How Equity Dilution Works

SBA Approved Banks in San Francisco, California

Browse All Business Loan Sources for California