Growing Company Gets a Georgia SBA Loan
Looking to get a Georgia bank loan? This Georgia entrepreneur got a bank loan, provided by a California bank that works with the SBA to help small business owners.
Getting a small business loan in Suwanee, Georgia was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Innovative Bank. Here are the details on this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW WORK CLOTHING MANUFACTURING
SUWANEE, GA 30024
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
315225 - Men's and Boys' Cut and Sew Work Clothing Manufacturing
Loan Approval Date
8/30/2007
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $8,500.
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. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We can help you find the best banks for small businesses in Suwanee or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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