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May 4, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Acworth, Business Loans > Northwest Bank & Trust Acworth Business Loans > Automotive Oil Change And Lubrication Shops Loan | ||||
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SBA Lender Kennesaw Georgia
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Getting an SBA Loan for Automotive Oil Change and Lubrication ShopsWith these business loans for automotive oil change and lubrication shops, the SBA guarantees the lender that the loan will be repaid. This automotive oil change and lubrication shops loan for $740,000 was given to a Georgia entrepreneur in 2005. This business knew how to go about getting a business bank loan. Based in Kennesaw, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Northwest Bank & Trust, based in Acworth, Georgia. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS SBA Loan Lender NORTHWEST BANK & TRUST This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 6/17/2005 Loan Approval Gross Amount $740,000 Loan Approval from the SBA Of the total $740,000 loan amount, the SBA guaranteed $555,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Borrowing Money from Friends and Family Small Bank Loans in Acworth, Georgia
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