Bank Loans for Private Mail Centers

With these bank loans for private mail centers, the SBA guarantees the lender that the loan will be repaid. This private mail centers loan for $628,569 was given to a Georgia entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glennville, Georgia was able to borrow $628,569 from South Georgia Bank. The SBA made the loan possible by guaranteeing $471,427 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PRIVATE MAIL CENTERS
GLENNVILLE, GA 30427

SBA Loan Lender

SOUTH GEORGIA BANK
401 S MAIN ST
GLENNVILLE, GA 30427

This SBA 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

561431 - Private Mail Centers

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$628,569

Loan Approval from the SBA

Of the total $628,569 loan amount, the SBA guaranteed $471,427.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 21 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into South Georgia Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Realistic Debt Financing Options

SBA 7A Lenders in Glennville, Georgia

SBA Georgia Banks