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April 29, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Jasper, Business Loans > Crescent Bank & Trust Jasper Business Loans > Car Washes Loan | ||||
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Jasper, Georgia SBA Lenders
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Jasper, Georgia Bank Gives SBA Loan to Car Washes CompanyThinking about meeting with a Jasper, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Jasper bank, that was approved by the SBA. Applying for an SBA loan with Crescent Bank & Trust worked out well for our friends at one local business in Kennesaw, Georgia. The business was able to get an SBA loan for $983,700. Great job! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender CRESCENT BANK & TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/2/2003 Loan Approval Gross Amount $983,700 Loan Approval from the SBA Of the total $983,700 loan amount, the SBA guaranteed $737,775. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Crescent Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Banks for Jasper, Georgia Loans
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