Ashburn, Georgia Bank Lends Money to Physical, Occupational And Speech Therapists, And Audiologists Company in Adel, Georgia

Thinking about meeting with an Ashburn, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by an Ashburn bank, that was approved by the SBA.

Applying for an SBA loan with South Georgia Banking Company worked out well for our friends at one local company in Adel, Georgia. They got an SBA loan for $273,369. Nice!

SBA Loan Borrower

COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
ADEL, GA 31620

SBA Loan Lender

SOUTH GEORGIA BANKING COMPANY
561 E WASHINGTON AVE
ASHBURN, GA 31714

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621340 - Physical, Occupational and Speech Therapists, and Audiologists

Loan Approval Date

11/1/2004

Loan Approval Gross Amount

$273,369

Loan Approval from the SBA

Of the total $273,369 loan amount, the SBA guaranteed $205,027.

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. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like South Georgia Banking Company and they will explain how you can get an SBA loan for your company.

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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