SBA Loan from The Claxton Bank Helps Hardware Stores Company

An SBA loan from The Claxton Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Glennville, Georgia business owner got a $360,000 loan.

Getting a small business loan in Glennville, Georgia was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from The Claxton Bank, operating out of Claxton, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
GLENNVILLE, GA 30427

SBA Loan Lender

THE CLAXTON BANK
121 W MAIN ST
CLAXTON, GA 30417

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

7/21/2000

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

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. The loan application did not indicate that the SBA funding recipient 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?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $360,000 loan. Remember, anyone can do it... so why not you?

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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