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May 3, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Alpharetta, Business Loans > Security Bank Of North Fulton Alpharetta Business Loans > Lawyers Loan | ||||
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We Needed an SBA 7A Loan in Roswell, Georgia and We Got One!
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Raising Money for LawyersLooking for bank loans for lawyers? An SBA loan may be just what you've been looking for. This $400,000 lawyers loan was issued by a Georgia bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Security Bank Of North Fulton, out of Alpharetta, Georgia. The loan was granted and they received $400,000 to help grow their Roswell, Georgia business. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender SECURITY BANK OF NORTH FULTON The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Lawyers Loan Approval Date 1/7/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 12 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find other ways to get money to start a business, 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: How Much Venture Capital Is There? Best Alpharetta, Georgia Banks for Small Business Getting an SBA Loan in Georgia
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