Douglas, Georgia Bank Lends Money to Beauty Shops Company in Douglas, Georgia

Get to know Douglas, Georgia banks that specialize in small business loans and know how to work with entrepreneurs. First National Bank - Coffee Cnty is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Douglas, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from First National Bank - Coffee Cnty. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
DOUGLAS, GA 31533

SBA Loan Lender

FIRST NATIONAL BANK - COFFEE CNTY
420 S MADISON AVE
DOUGLAS, GA 31533

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.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/15/2003

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Douglas GA, you ought to talk with a local Douglas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Douglas businesses.

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.

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