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May 6, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Baked Goods Stores Loan | ||||
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SBA 7A Banks for Norcross, Georgia Small Businesses
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Bank Loans for Baked Goods StoresLooking for bank loans for baked goods stores? An SBA loan may be just what you've been looking for. This $349,000 baked goods stores loan was issued by a North Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Norcross, Georgia was able to borrow $349,000 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $261,750 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender BRANCH BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 9/7/2005 Loan Approval Gross Amount $349,000 Loan Approval from the SBA Of the total $349,000 loan amount, the SBA guaranteed $261,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Role of Business Plan When Raising Money Small Bank Loans in Winston Salem, North Carolina North Carolina SBA Bank Lenders
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