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November 22, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Refuse Systems Loan | ||||
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Dallas, Georgia Bank Loan
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Dallas, Georgia Entrepreneur Gets a Bank LoanLooking to get a Georgia SBA loan? This Georgia entrepreneur got an SBA loan, provided by a Minnesota bank that works with the SBA to help small business owners. Getting a small business loan in Dallas, Georgia was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Stearns Bank. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: REFUSE SYSTEMS SBA Loan Lender STEARNS BANK This lender issued this particular small business 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. SIC Code 4953 - Refuse Systems Loan Approval Date 1/31/2000 Loan Approval Gross Amount $97,600 Loan Approval from the SBA Of the total $97,600 loan amount, the SBA guaranteed $78,080. 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 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Stearns Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Approved Banks in Saint Cloud, Minnesota
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