Loan Census Banking News and Information
May 22, 2024  
 
 
  Business Loan Information  
 

Adairsville, Georgia Bank Loan

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Floor Covering Stores

Looking for bank loans for floor covering stores? The SBA may be the answer. This $503,000 floor covering stores loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Adairsville, Georgia was able to borrow $503,000 from 1st National Bank - Barnesville. The SBA made the loan possible by guaranteeing $377,250 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
ADAIRSVILLE, GA 30103

SBA Loan Lender

1ST NATIONAL BANK - BARNESVILLE
315 THOMASTON ST
BARNESVILLE, GA 30204

This 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.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

6/10/2005

Loan Approval Gross Amount

$503,000

Loan Approval from the SBA

Of the total $503,000 loan amount, the SBA guaranteed $377,250.

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 12 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $503,000 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.

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