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April 26, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Cartersville, Business Loans > Century Bank Of Georgia Cartersville Business Loans > La-Z-Boy Easy Shoppe,Inc. Loan | ||||
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Century Bank Of Georgia Franchise Business Loans
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Borrow Money to Buy a La-Z-Boy FranchiseBorrowing money to buy a La-Z-Boy franchise? Century Bank Of Georgia has a history of making these loans and they are guaranteed by the SBA. La-Z-Boy franchise loans are available to Dalton, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Century Bank Of Georgia, based in Cartersville, Georgia, issued an SBA franchise loan for a La-Z-Boy franchise in 2002. We've got all the details on this Georgia small business loan. SBA Loan Borrower LA-Z-BOY EASY SHOPPE,INC. SBA Loan Lender CENTURY BANK OF GEORGIA This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5712 - Furniture Stores NAICS Code 442110 - Furniture Stores Loan Approval Date 1/7/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a La-Z-Boy franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 $125,000 loan. Remember, feel the fear, and do it anyway. 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: Find an SBA Lender in Cartersville, Georgia
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