La Grange, Georgia Lender Lends Money to Masonry, Stone Setting, And Other Stone Work Company
A La Grange, Georgia small business loan can be yours. Learn how one firm got a $55,000 business loan from this Georgia bank.
This loan to an entrepreneur is a good example of an SBA loan. Suntrust Bank made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: MASONRY, STONE SETTING, AND OTHER STONE WORK
HOGANSVILLE, GA 30230
SBA Loan Lender
SUNTRUST BANK
301 CHURCH ST
LA GRANGE, GA 30240
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1741 - Masonry, Stone Setting, and Other Stone Work
NAICS Code
235410 - Masonry and Stone Contractors
Loan Approval Date
2/4/2000
Loan Approval Gross Amount
$55,000
Loan Approval from the SBA
Of the total $55,000 loan amount, the SBA guaranteed $44,000.
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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start business in Hogansville GA, you ought to talk with a local Hogansville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hogansville businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $55,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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