Grant & Loan Awards: Elbert County
Elbert County
ESB Fund: $19,500
Awarded: 06/28/2006
Applicant: Pinnacle Bank (Alliance Investment Firm LLC)
Description:
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