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May 1, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Woodstock, Business Loans > Security Bank Of North Metro Woodstock Business Loans > Ala Beeching, Inc Loan | ||||
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How to Get SBA Loans in Rome, Georgia
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Borrow Money to Buy a Honey Baked Hams & Cafe FranchiseNeed a loan to buy a Honey Baked Hams & Cafe franchise? Security Bank Of North Metro has a history of making these loans and they are guaranteed by the SBA. Honey Baked Hams & Cafe franchise loans are available to Rome, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Security Bank Of North Metro, based in Woodstock, Georgia, issued an SBA franchise loan for a Honey Baked Hams & Cafe franchise in 2007. We've got all the details on this Georgia small business loan. SBA Loan Borrower ALA BEECHING, INC SBA Loan Lender SECURITY BANK OF NORTH METRO Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/17/2007 Loan Approval Gross Amount $297,000 Loan Approval from the SBA Of the total $297,000 loan amount, the SBA guaranteed $222,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Honey Baked Hams & Cafe franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $297,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Woodstock, Georgia
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