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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Norcross, Business Loans > Fidelity Bank Norcross Business Loans > Consumer Electronics And Appliances Rental Loan | ||||
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Fidelity Bank
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Business Loan from Fidelity Bank Given to Consumer Electronics And Appliances Rental CompanyFidelity Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Georgia entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kennesaw, Georgia was able to borrow $150,000 from Fidelity Bank. The SBA made the loan possible by guaranteeing $127,500 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: CONSUMER ELECTRONICS AND APPLIANCES RENTAL SBA Loan Lender FIDELITY BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532210 - Consumer Electronics and Appliances Rental Loan Approval Date 8/1/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business 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. 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: Small Business Banks in Norcross, Georgia Getting an SBA Loan in Georgia
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