Bank Loans for Freight Transportation Arrangement
With these bank loans for freight transportation arrangement, the SBA guarantees the lender that the loan will be repaid. This freight transportation arrangement loan for $50,000 was given to a Georgia entrepreneur in 2002.
This small firm knew how to go about getting a business bank loan. Based in Locust Grove, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wachovia Bank, based in Winston Salem, North Carolina.
SBA Loan Borrower
COMPANY TYPE: FREIGHT TRANSPORTATION ARRANGEMENT
LOCUST GROVE, GA 30248
SBA Loan Lender
WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
488510 - Freight Transportation Arrangement
Loan Approval Date
1/7/2002
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Small Business Loan
Best Banks in Winston Salem, North Carolina
SBA North Carolina Lenders