Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Georgia Small Business Funding

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Certified Public Accountants

Looking for commercial loans for certified public accountants? Try the SBA. This $80,000 certified public accountants loan was issued by a Georgia bank.

Getting a small business loan in Cumming, Georgia was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Cit. Bank - Forsyth Cnty, operating out of Cumming, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: ACCOUNTING, AUDITING, AND BOOKKEEPING SERVICES
CUMMING, GA 30041

SBA Loan Lender

CIT. BANK - FORSYTH CNTY
651 VETERANS MEMORIAL BLVD
CUMMING, GA 30040

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

NAICS Code

541211 - Certified Public Accountants

Loan Approval Date

8/19/2003

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 3 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Cumming GA, you ought to talk with a local Cumming SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cumming businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $80,000 loan. Remember, fight for what you want, and it will be yours!

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:

Obtaining Funding From a Venture Capitalist

Best Cumming, Georgia Banks for Small Business

Where to Get an SBA Loan Georgia