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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Surgical Appliance And Supplies Manufacturing Loan | ||||
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Business Loans for Conyers Business Owners
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Business Loans for Surgical Appliance and Supplies ManufacturingWith these business loans for surgical appliance and supplies manufacturing, the SBA guarantees the lender that the loan will be repaid. This surgical appliance and supplies manufacturing loan for $75,000 was given to a Georgia entrepreneur in 2006. Getting a small business loan in Conyers, Georgia was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Capital One, operating out of Mclean, Virginia. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: SURGICAL APPLIANCE AND SUPPLIES MANUFACTURING SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 339113 - Surgical Appliance and Supplies Manufacturing Loan Approval Date 12/1/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 17 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 17 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Conyers GA, you ought to talk with a local Conyers SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Conyers businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks in Mclean, Virginia
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