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May 14, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Athens, Business Loans > Afb&t Athens Business Loans > Child Day Care Services Loan | ||||
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Business Loan from Afb&t Given to Child Day Care Services CompanyAn SBA loan from Afb&t typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Monroe, Georgia business owner got a $45,000 loan. Getting a small business loan in Monroe, Georgia was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Afb&t, operating out of Athens, Georgia. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender AFB&T Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 12/13/2005 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Afb&t 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. Related Links: Best Athens, Georgia Banks for Small Business
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