Recyclable Material Wholesalers Bank Loans

With these bank loans for recyclable material wholesalers, the SBA guarantees the lender that the loan will be repaid. This recyclable material wholesalers loan for $395,000 was given to a Georgia entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Jesup, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First National Bank - Coffee Cnty, based in Douglas, Georgia.

SBA Loan Borrower

COMPANY TYPE: SCRAP AND WASTE MATERIALS
JESUP, GA 31545

SBA Loan Lender

FIRST NATIONAL BANK - COFFEE CNTY
420 S MADISON AVE
DOUGLAS, GA 31533

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5093 - Scrap and Waste Materials

NAICS Code

421930 - Recyclable Material Wholesalers

Loan Approval Date

6/13/2000

Loan Approval Gross Amount

$395,000

Loan Approval from the SBA

Of the total $395,000 loan amount, the SBA guaranteed $296,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

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 $395,000 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:

Determining Proper Capital Structure for a Business

SBA 7A Banks for Douglas, Georgia Loans

SBA Participating Banks in Georgia