Grant & Loan Awards: Elbert County


Elbert County

ESB Fund: $19,500

Awarded: 06/28/2006

Applicant: Pinnacle Bank (Alliance Investment Firm LLC)

ESB loan guarantee by a start-up investment group to support a new restaurant, Wings on the Block, in Elberton. Through market research, the owners of the new restaurant determined that this type restaurant was popular, and the closest location selling a variety of wings was 20 to 30 minutes away. The company has a business plan which reflects four part-time jobs will be created in Elberton. Pinnacle Bank of Elberton is the lender.

Total Budgeted Project Cost: $39,000

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