Suntrust Bank SBA Loan to Computer Related Services Company
Want a Georgia business loan? Here's one Georgia business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in La Grange, Georgia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Suntrust Bank, based in La Grange, Georgia.
SBA Loan Borrower
COMPANY TYPE: COMPUTER RELATED SERVICES
LA GRANGE, GA 30240
SBA Loan Lender
SUNTRUST BANK
301 CHURCH ST
LA GRANGE, GA 30240
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7379 - Computer Related Services
Loan Approval Date
4/4/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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
Small Bank Loans in La Grange, Georgia
Georgia SBA Banks