Dunwoody, Georgia Bank Lends Money to Masonry And Stone Contractors Company in Kennesaw, Georgia

Get to know Dunwoody, Georgia banks that specialize in SBA loans and know how to work with entrepreneurs. Colonial Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Kennesaw, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Colonial Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MASONRY AND STONE CONTRACTORS
KENNESAW, GA 30144

SBA Loan Lender

COLONIAL BANK
4800 ASHFORD DUNWOODY RD
DUNWOODY, GA 30338

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

235410 - Masonry and Stone Contractors

Loan Approval Date

8/1/2001

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Colonial 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.

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