Entrepreneur Works With Brunswick, Georgia Bank to Get an SBA Loan

A Brunswick, Georgia small business loan can be yours. Learn how a business got a $172,582 business loan from this Georgia bank.

This loan to an entrepreneur is a good example of an SBA loan. Suntrust Bank made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: PACKAGING MACHINERY MANUFACTURING
BRUNSWICK, GA 31520

SBA Loan Lender

SUNTRUST BANK
510 GLOUCESTER ST
BRUNSWICK, GA 31520

This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

333993 - Packaging Machinery Manufacturing

Loan Approval Date

11/29/2001

Loan Approval Gross Amount

$172,582

Loan Approval from the SBA

Of the total $172,582 loan amount, the SBA guaranteed $129,437.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 23 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $172,582 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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