Saint Marys, Georgia Lender Lends Money to Car Washes Company

Find Saint Marys, Georgia banks that specialize in business loans and know how to work with entrepreneurs. Satilla Community Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Kingsland, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Satilla Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
KINGSLAND, GA 31548

SBA Loan Lender

SATILLA COMMUNITY BANK
6308 HWY 40 EAST
SAINT MARYS, GA 31558

This lender issued this commercial loan under the SBA 7A lending 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

811192 - Car Washes

Loan Approval Date

6/26/2002

Loan Approval Gross Amount

$1,128,475

Loan Approval from the SBA

Of the total $1,128,475 loan amount, the SBA guaranteed $846,356.

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 loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Kingsland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Saint Marys, Georgia

SBA Participating Banks in Georgia