Columbus, Georgia Bank Lends Money to Family Clothing Stores Company in Columbus, Georgia

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

Applying for an SBA loan with Citizens Trust Bank worked out well for our friends at one local business in Columbus, Georgia. They got an SBA loan for $150,000. Great job!

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
COLUMBUS, GA 31907

SBA Loan Lender

CITIZENS TRUST BANK
6 11TH ST
COLUMBUS, GA 31901

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

7/1/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Realistic Debt Financing Options

Small Business Banks in Columbus, Georgia

Getting an SBA Loan in Georgia