Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Riverdale Small Business Loans from Community W. Bank

 

 
Loan Census SBA Loan Info

Business Loan from Community W. Bank Given to Beauty Shops Company

An SBA loan from Community W. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Riverdale, Georgia business owner got a $185,400 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverdale, Georgia was able to borrow $185,400 from Community W. Bank. The SBA made the loan possible by guaranteeing $139,050 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
RIVERDALE, GA 30274

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/14/2000

Loan Approval Gross Amount

$185,400

Loan Approval from the SBA

Of the total $185,400 loan amount, the SBA guaranteed $139,050.

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 did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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:

Determining Proper Capital Structure for a Business

Small Bank Loans in Goleta, California

SBA Participating Banks in California