Entrepreneur Works With East Ellijay, Georgia Bank to Get an SBA Loan

An East Ellijay, Georgia SBA loan can be yours. Learn how a business got a $1,480,500 business loan from this Georgia bank.

This loan to a local firm is a good example of an SBA loan. Bank Of Ellijay 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: PHARMACIES AND DRUG STORES
EAST ELLIJAY, GA 30540

SBA Loan Lender

BANK OF ELLIJAY
134 INDUSTRIAL BLVD
EAST ELLIJAY, GA 30540

This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

10/31/2007

Loan Approval Gross Amount

$1,480,500

Loan Approval from the SBA

Of the total $1,480,500 loan amount, the SBA guaranteed $1,110,375.

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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $1,480,500 loan. Remember, anyone can do it... so why not 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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