Business Loan from Satilla Community Bank Given to Special Trade Contractors Company

An SBA loan from Satilla Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hortense, Georgia business owner got a $106,404 loan.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Satilla Community Bank, out of Nahunta, Georgia. The loan was granted and they received $106,404 to help grow their Hortense, Georgia business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
HORTENSE, GA 31543

SBA Loan Lender

SATILLA COMMUNITY BANK
113 CLEVELAND ST
NAHUNTA, GA 31553

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

10/24/2002

Loan Approval Gross Amount

$106,404

Loan Approval from the SBA

Of the total $106,404 loan amount, the SBA guaranteed $90,443.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Satilla Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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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