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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Ashburn, Business Loans > South Georgia Banking Company Ashburn Business Loans > General Long-Distance Freight Trucking Loan | ||||
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SBA Lender Georgia
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Business Loan from South Georgia Banking Company Given to General Long-Distance Freight Trucking CompanySouth Georgia Banking Company and the SBA work together to get business loans for growing small businesses. Here's an example of how a Georgia entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Irwinville, Georgia, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was South Georgia Banking Company, based in Ashburn, Georgia. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender SOUTH GEORGIA BANKING COMPANY This small business 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 484121 - General Long-Distance Freight Trucking Loan Approval Date 9/24/2001 Loan Approval Gross Amount $821,000 Loan Approval from the SBA Of the total $821,000 loan amount, the SBA guaranteed $615,750. 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 13 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Approved Banks in Ashburn, Georgia
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