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December 20, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Augusta, Business Loans > Suntrust Bank Augusta Business Loans > Business Services Loan | ||||
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Georgia Bank SBA Loans
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Augusta, Georgia Business Gets SBA-Guaranteed Funding from Suntrust BankSuntrust Bank has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Augusta, Georgia, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Suntrust Bank, based in Augusta, Georgia. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender SUNTRUST BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services Loan Approval Date 8/16/2000 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $52,000. 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 4 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 in Augusta, Georgia
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