Climax, Georgia Business Gets SBA-Guaranteed Funding from Planters & Citizens Bank

An SBA loan from Planters & Citizens Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Climax, Georgia business owner got a $40,000 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Planters & Citizens Bank, out of Camilla, Georgia. The loan was granted and they received $40,000 to help grow their Climax, Georgia business.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
CLIMAX, GA 31734

SBA Loan Lender

PLANTERS & CITIZENS BANK
21 N HARNEY ST
CAMILLA, GA 31730

This lender issued this particular commercial 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.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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:

Financing Your Business

SBA Banks in Camilla, Georgia

Georgia SBA 7A Banks