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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 > Airports, Flying Fields, And Terminal Services Loan | ||||
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Georgia Bank SBA Loans
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First Cherokee State Bank SBA Loan to Airports, Flying Fields, And Terminal Services CompanyLooking to get a Georgia SBA loan? Here's one Georgia business loan that was approved by the SBA. This small business needed an SBA business loan in Kennesaw, Georgia back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from First Cherokee State Bank, operating out of Woodstock, Georgia. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: AIRPORTS, FLYING FIELDS, AND TERMINAL SERVICES SBA Loan Lender FIRST CHEROKEE STATE BANK When it made this small business loan, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims to provide expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4581 - Airports, Flying Fields, and Terminal Services Loan Approval Date 9/28/2000 Loan Approval Gross Amount $2,250,000 Loan Approval from the SBA Of the total $2,250,000 loan amount, the SBA guaranteed $742,500. 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 21 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Cherokee State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Woodstock, Georgia
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