National Bank - Walton Cnty SBA Loan to Water, Sewer, And Utility Lines Company

An SBA loan from National Bank - Walton Cnty typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Good Hope, Georgia business owner got a $680,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with National Bank - Walton Cnty, out of Monroe, Georgia. The loan was granted and they received $680,000 to help grow their Good Hope, Georgia business.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
GOOD HOPE, GA 30641

SBA Loan Lender

NATIONAL BANK - WALTON CNTY
140 E WASHINGTON ST
MONROE, GA 30655

This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1623 - Water, Sewer, and Utility Lines

NAICS Code

234910 - Water, Sewer, and Pipeline Construction

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$680,000

Loan Approval from the SBA

Of the total $680,000 loan amount, the SBA guaranteed $510,000.

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 36 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 $680,000 loan. Remember, feel the fear, and do it anyway.

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:

The Friends and Family Network

Small Bank Loans in Monroe, Georgia

Getting an SBA Loan in Georgia