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May 5, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Peachtree City, Business Loans > The Bank Of Georgia Peachtree City Business Loans > Tire Manufacturing Loan | ||||
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Requirements for Businesses On Getting a Loan
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Tire Manufacturing Business LoansWith these business loans for tire manufacturing, the SBA guarantees the lender that the loan will be repaid. This tire manufacturing loan for $1,365,300 was given to a Georgia entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Perry, Georgia was able to borrow $1,365,300 from The Bank Of Georgia. The SBA made the loan possible by guaranteeing $1,023,975 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: TIRE MANUFACTURING SBA Loan Lender THE BANK OF GEORGIA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 326211 - Tire Manufacturing Loan Approval Date 8/11/2004 Loan Approval Gross Amount $1,365,300 Loan Approval from the SBA Of the total $1,365,300 loan amount, the SBA guaranteed $1,023,975. 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 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $1,365,300. How would you spend $1,365,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Banks in Peachtree City, Georgia Getting an SBA Loan in Georgia
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