Entrepreneur Works With Savannah, Georgia Bank to Get an SBA Loan

Thinking about meeting with a Savannah, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Savannah bank, that was approved by the SBA.

Applying for an SBA loan with The Coastal Bank worked out well for our friends at one local company in Garden City, Georgia. They received an SBA loan for $270,924. Sweet!

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
GARDEN CITY, GA 31408

SBA Loan Lender

THE COASTAL BANK
27 BULL ST
SAVANNAH, GA 31401

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

12/17/2001

Loan Approval Gross Amount

$270,924

Loan Approval from the SBA

Of the total $270,924 loan amount, the SBA guaranteed $203,193.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Garden City GA, you ought to talk with a local Garden City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Garden City businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Coastal Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Cash Advances

SBA Approved Banks in Savannah, Georgia

Georgia SBA Banks