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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Clothing Stores Loan | ||||
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Raising Money in Stockbridge, Georgia With SBA Loans
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Clothing Stores Commercial LoansWith these commercial loans for clothing stores, the SBA guarantees the lender that the loan will be repaid. This clothing stores loan for $30,400 was given to a Georgia entrepreneur in 2007. Getting a small business loan in Stockbridge, Georgia was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank, operating out of Richmond, Virginia. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender SUNTRUST BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448190 - Clothing Stores Loan Approval Date 6/19/2007 Loan Approval Gross Amount $30,400 Loan Approval from the SBA Of the total $30,400 loan amount, the SBA guaranteed $15,200. 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 no employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Banks for Richmond, Virginia Loans
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