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May 4, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Woodstock, Business Loans > Security Bank Of North Metro Woodstock Business Loans > Textile Product Mills Loan | ||||
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Georgia Bank SBA Loans
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Woodstock, Georgia Bank Gives SBA Loan to Textile Product Mills CompanyWant to talk with a Woodstock, Georgia bank about a business loan? Here's one Georgia business loan, issued by a Woodstock bank, that was approved by the SBA. Applying for an SBA loan with Security Bank Of North Metro worked out well for our friends at one local company in Newnan, Georgia. The business was able to get an SBA loan for $750,000. Awesome! SBA Loan Borrower COMPANY TYPE: TEXTILE PRODUCT MILLS SBA Loan Lender SECURITY BANK OF NORTH METRO 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 314999 - Textile Product Mills Loan Approval Date 9/28/2007 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Who Lends Money to Small Businesses in Woodstock, Georgia
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