The Park Avenue Bank SBA Loan to Funeral Service And Crematories Company

Searching for a Georgia small business loan? Here's one Georgia business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Adel, Georgia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Park Avenue Bank, based in Adel, Georgia.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
ADEL, GA 31620

SBA Loan Lender

THE PARK AVENUE BANK
301 W 4TH ST
ADEL, GA 31620

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7261 - Funeral Service and Crematories

Loan Approval Date

3/30/2000

Loan Approval Gross Amount

$159,739

Loan Approval from the SBA

Of the total $159,739 loan amount, the SBA guaranteed $119,804.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 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.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Attracting Investors

SBA 7A Banks in Adel, Georgia

Getting a Business Loan in Georgia