Jesup, Georgia Bank Lends Money to Schools And Instruction Company in Jesup, Georgia

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

Applying for an SBA loan with Primesouth Bank worked out well for our friends at one local business in Jesup, Georgia. They got an SBA loan for $101,192. Way to go!

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
JESUP, GA 31545

SBA Loan Lender

PRIMESOUTH BANK
375 W CHERRY ST
JESUP, GA 31545

This lender issued this SBA small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

10/25/2007

Loan Approval Gross Amount

$101,192

Loan Approval from the SBA

Of the total $101,192 loan amount, the SBA guaranteed $86,013.

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 3 employees. The SBA loan application for the borrower indicated that the funding would help generate 3 new jobs.

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

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Raising Venture Capital

Small Bank Loans in Jesup, Georgia

Getting an SBA Loan in Georgia