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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Statesboro, Business Loans > The Park Avenue Bank Statesboro Business Loans > Drinking Places Loan | ||||
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Getting an SBA Loan from The Park Avenue Bank
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Statesboro, Georgia Business Gets SBA-Guaranteed Funding from The Park Avenue BankThe Park Avenue Bank has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Statesboro, Georgia, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was The Park Avenue Bank, based in Statesboro, Georgia. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender THE PARK AVENUE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5813 - Drinking Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/23/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $75,000 loan. Remember, things become real when you believe you can achieve them! 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: Where to Get an SBA Loan in Statesboro, Georgia Getting a Business Loan in Georgia
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