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October 17, 2021  
 
 
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Georgia Bank SBA Loans

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Norcross, Georgia Bank to Get an SBA Loan

Thinking about meeting with a Norcross, Georgia bank about a business loan? Here's one Alabama business loan, issued by a Norcross bank, that was approved by the SBA.

Applying for an SBA loan with Fidelity Bank worked out well for our friends at one local company in Huntsville, Alabama. They got an SBA loan for $862,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
HUNTSVILLE, AL 35803

SBA Loan Lender

FIDELITY BANK
3500 HOLCOMB BRIDGE RD
NORCROSS, GA 30092

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

11/5/2007

Loan Approval Gross Amount

$862,000

Loan Approval from the SBA

Of the total $862,000 loan amount, the SBA guaranteed $646,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your 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 $862,000 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:

How Equity Dilution Works

SBA 7A Banks in Norcross, Georgia

SBA Georgia Lenders