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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Americus, Business Loans > Sumter Bank & Trust Company Americus Business Loans > Site Preparation Contractors Loan | ||||
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Who Can Get a Business Loan in Ellaville, Georgia?
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Getting an SBA Loan for Site Preparation ContractorsLooking for SBA loans for site preparation contractors? Try the SBA. This $69,300 site preparation contractors loan was issued by a Georgia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ellaville, Georgia was able to borrow $69,300 from Sumter Bank & Trust Company. The SBA made the loan possible by guaranteeing $58,905 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: SITE PREPARATION CONTRACTORS SBA Loan Lender SUMTER BANK & TRUST COMPANY This lender issued this particular SBA 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. NAICS Code 238910 - Site Preparation Contractors Loan Approval Date 4/7/2004 Loan Approval Gross Amount $69,300 Loan Approval from the SBA Of the total $69,300 loan amount, the SBA guaranteed $58,905. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, 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. Related Links: Who Lends Money to Small Businesses in Americus, Georgia
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