SBA Loans for Textile Machinery Manufacturing

Looking for SBA loans for textile machinery manufacturing? Try the SBA. This $65,000 textile machinery manufacturing loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Covington, Georgia was able to borrow $65,000 from Bank Of North Georgia. The SBA made the loan possible by guaranteeing $52,000 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: TEXTILE MACHINERY
COVINGTON, GA 30014

SBA Loan Lender

BANK OF NORTH GEORGIA
4159 MILL ST
COVINGTON, GA 30014

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3552 - Textile Machinery

NAICS Code

333292 - Textile Machinery Manufacturing

Loan Approval Date

4/5/2000

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $52,000.

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 only one employee. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Covington GA, you ought to talk with a local Covington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Covington businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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