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

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

Applying for an SBA loan with Montgomery Bank & Trust worked out well for our friends at one local business in Glenwood, Georgia. The business was able to get an SBA loan for $750,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING
GLENWOOD, GA 30428

SBA Loan Lender

MONTGOMERY BANK & TRUST
1901 COMMERCE DR
VIDALIA, GA 30474

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336999 - Transportation Equipment Manufacturing

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 indicated that the funding would help create 11 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Montgomery Bank & Trust 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.

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