Financing for Land Subdivision and Land Development

Looking for commercial loans for land subdivision and land development? An SBA loan may be just what you've been looking for. This $1,035,000 land subdivision and land development loan was issued by a Georgia bank.

This business knew how to go about getting a business bank loan. Based in Fairburn, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Citizens Bank & Tr - W. Georgia, based in Carrollton, Georgia.

SBA Loan Borrower

COMPANY TYPE: LAND SUBDIVIDERS AND DEVELOPERS
FAIRBURN, GA 30213

SBA Loan Lender

CITIZENS BANK & TR - W. GEORGIA
115 COLLEGE ST
CARROLLTON, GA 30117

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6552 - Land Subdividers and Developers

NAICS Code

233110 - Land Subdivision and Land Development

Loan Approval Date

1/25/2000

Loan Approval Gross Amount

$1,035,000

Loan Approval from the SBA

Of the total $1,035,000 loan amount, the SBA guaranteed $749,992.

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 14 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 14 existing jobs.

Getting an SBA Loan For Your Business

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.

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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