Branch Bank & Trust SBA Loan to Motor Vehicles And Passenger Car Bodies Company

Looking to get a Georgia small business loan? Here's one Georgia business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lagrance, Georgia was able to borrow $833,333 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $750,000 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLES AND PASSENGER CAR BODIES
LAGRANCE, GA 30241

SBA Loan Lender

BRANCH BANK & TRUST
295 BULLSBORO DR
NEWNAN, GA 30263

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3711 - Motor Vehicles and Passenger Car Bodies

Loan Approval Date

5/5/2000

Loan Approval Gross Amount

$833,333

Loan Approval from the SBA

Of the total $833,333 loan amount, the SBA guaranteed $750,000.

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 36 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Lagrance 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.

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