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May 4, 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 > Nondurable Goods Merchant Wholesalers Loan | ||||
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Ballground, Georgia Bank Loan
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Loans for Nondurable Goods Merchant WholesalersLooking for loans for nondurable goods merchant wholesalers? Try the SBA. This $625,000 nondurable goods merchant wholesalers loan was issued by a Georgia bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Security Bank Of North Metro, out of Woodstock, Georgia. The loan was granted and they received $625,000 to help grow their Ballground, Georgia business. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender SECURITY BANK OF NORTH METRO 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 424990 - Nondurable Goods Merchant Wholesalers Loan Approval Date 7/27/2004 Loan Approval Gross Amount $625,000 Loan Approval from the SBA Of the total $625,000 loan amount, the SBA guaranteed $468,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $625,000 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Woodstock, Georgia
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