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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 > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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Duluth, Georgia Bank for SBA Loans
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Entrepreneur Works With Duluth, Georgia Bank to Get an SBA LoanA Duluth, Georgia small business loan can be yours. Learn how a business got a $784,200 business loan from this Georgia bank. This loan to a local firm is a good example of an SBA loan. Haven Trust Bank made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender HAVEN TRUST BANK 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 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 12/28/2005 Loan Approval Gross Amount $784,200 Loan Approval from the SBA Of the total $784,200 loan amount, the SBA guaranteed $588,150. 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 4 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Haven Trust Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Best Duluth, Georgia Banks for Small Business Getting an SBA Loan in Georgia
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