Bank Loans for Household Cooking Appliance Manufacturing

Looking for bank loans for household cooking appliance manufacturing? The SBA may be the answer. This $750,000 household cooking appliance manufacturing loan was issued by a Georgia bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Sea Island Bank, out of Statesboro, Georgia. The loan was granted and they received $750,000 to help grow their Brooklet, Georgia business.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD COOKING APPLIANCE MANUFACTURING
BROOKLET, GA 30415

SBA Loan Lender

SEA ISLAND BANK
2 E MAIN ST
STATESBORO, GA 30458

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335221 - Household Cooking Appliance Manufacturing

Loan Approval Date

5/27/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Sea Island Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

504 Loans

Small Bank Loans in Statesboro, Georgia

Georgia SBA Banks