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May 11, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Coffee And Tea Manufacturing Loan | ||||
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Cumming Small Business Loans from Haven Trust Bank
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SBA Loan from Haven Trust Bank Helps Coffee And Tea Manufacturing CompanyHaven Trust Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Georgia entrepreneur was able to get a loan to take a small business to the next level. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Haven Trust Bank, out of Duluth, Georgia. The loan was granted and they received $143,500 to help grow their Cumming, Georgia business. SBA Loan Borrower COMPANY TYPE: COFFEE AND TEA MANUFACTURING SBA Loan Lender HAVEN TRUST BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311920 - Coffee and Tea Manufacturing Loan Approval Date 5/17/2004 Loan Approval Gross Amount $143,500 Loan Approval from the SBA Of the total $143,500 loan amount, the SBA guaranteed $121,975. 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 2 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Haven Trust Bank and they will explain how you can get an SBA loan for your company. 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: Realistic Debt Financing Options Small Bank Loans in Duluth, Georgia
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