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May 3, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Suwanee, Business Loans > Security Bank - Gwinnett Cnty Suwanee Business Loans > Drycleaning And Laundry Services Loan | ||||
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Suwanee Bank Loan
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Entrepreneur Works With Suwanee, Georgia Bank to Get an SBA LoanA Suwanee, Georgia SBA loan can be yours. Learn how a company got a $150,000 business loan from this Georgia bank. This loan to a local firm is a good example of an SBA loan. Security Bank - Gwinnett Cnty 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: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender SECURITY BANK - GWINNETT CNTY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 6/1/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 6 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Norcross GA, you ought to talk with a local Norcross SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norcross businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: A Company That Helps Entrepreneurs SBA Approved Banks in Suwanee, Georgia Browse All Business Loan Sources for Georgia
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