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May 16, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Lawrenceville, Business Loans > First Charter Bank Lawrenceville Business Loans > Car Washes Loan | ||||
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Lawrenceville, Georgia SBA Lenders
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Lawrenceville, Georgia Bank Gives SBA Loan to Car Washes CompanyThinking about meeting with a Lawrenceville, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Lawrenceville bank, that was approved by the SBA. Applying for an SBA loan with First Charter Bank worked out well for our friends at one local firm in Stone Mountain, Georgia. They got an SBA loan for $363,500. Nice! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender FIRST CHARTER 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 811192 - Car Washes Loan Approval Date 1/28/2005 Loan Approval Gross Amount $363,500 Loan Approval from the SBA Of the total $363,500 loan amount, the SBA guaranteed $272,625. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Banks in Lawrenceville, Georgia
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