 |
 |
May 6, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Georgia Business Loan Sources > Lawrenceville, Business Loans > First Charter Bank Lawrenceville Business Loans > Manufacturing Loan | ||||
 |
||||
Advice for Businesses On Getting a Loan
|
||||
 |
Getting an SBA Loan for ManufacturingWith these business loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $800,000 was given to a Georgia entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newnan, Georgia was able to borrow $800,000 from First Charter Bank. The SBA made the loan possible by guaranteeing $600,000 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender FIRST CHARTER BANK 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 339999 - Manufacturing Loan Approval Date 12/28/2005 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 43 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 47 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Lawrenceville, Georgia
|
|
||
|
||||
|
|
||||