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May 5, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Jonesboro, Business Loans > Heritage Bank Jonesboro Business Loans > Convenience Stores Loan | ||||
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Banks Doing SBA Loans in Georgia
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Entrepreneur Works With Jonesboro, Georgia Bank to Get an SBA LoanA Jonesboro, Georgia SBA loan can be yours. Learn how one firm got a $1,263,750 business loan from this Georgia bank. This loan to a local firm is a good example of an SBA loan. Heritage Bank made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender HERITAGE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 11/10/2003 Loan Approval Gross Amount $1,263,750 Loan Approval from the SBA Of the total $1,263,750 loan amount, the SBA guaranteed $947,813. 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Dealing With Venture Capitalists Best Jonesboro, Georgia Banks for Small Business
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