Schools and Instruction Small Business Loans

With these small business loans for schools and instruction, the SBA guarantees the lender that the loan will be repaid. This schools and instruction loan for $440,500 was given to a Georgia entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marietta, Georgia was able to borrow $440,500 from Colonial Bank. The SBA made the loan possible by guaranteeing $330,375 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
MARIETTA, GA 30062

SBA Loan Lender

COLONIAL BANK
4800 ASHFORD DUNWOODY RD
DUNWOODY, GA 30338

This lender provides SBA 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

611699 - Schools and Instruction

Loan Approval Date

11/27/2001

Loan Approval Gross Amount

$440,500

Loan Approval from the SBA

Of the total $440,500 loan amount, the SBA guaranteed $330,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Marietta GA, you ought to talk with a local Marietta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marietta 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 Colonial Bank 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.

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