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

Bowdon, Georgia Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Farm and Garden Machinery and Equipment Merchant Wholesalers

Looking for small business loans for farm and garden machinery and equipment merchant wholesalers? An SBA loan may be just what you've been looking for. This $1,268,500 farm and garden machinery and equipment merchant wholesalers loan was issued by a Georgia bank.

Getting a small business loan in Bowdon, Georgia was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Buckhead Community Bank, operating out of Atlanta, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS
BOWDON, GA 30108

SBA Loan Lender

THE BUCKHEAD COMMUNITY BANK
415 E PACES FERRY RD
ATLANTA, GA 30305

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

423820 - Farm and Garden Machinery and Equipment Merchant Wholesalers

Loan Approval Date

12/21/2005

Loan Approval Gross Amount

$1,268,500

Loan Approval from the SBA

Of the total $1,268,500 loan amount, the SBA guaranteed $951,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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