Milan, Georgia Business Gets SBA-Guaranteed Funding from The Merchants & Citizens Bank

An SBA loan from The Merchants & Citizens Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Milan, Georgia business owner got a $971,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with The Merchants & Citizens Bank, out of Milan, Georgia. The loan was granted and they received $971,000 to help grow their Milan, Georgia business.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
MILAN, GA 31060

SBA Loan Lender

THE MERCHANTS & CITIZENS BANK
MT ZION ST
MILAN, GA 31060

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

11/1/2000

Loan Approval Gross Amount

$971,000

Loan Approval from the SBA

Of the total $971,000 loan amount, the SBA guaranteed $728,250.

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 indicated that the loan would help generate 36 new jobs and retain 36 existing jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

SBIR Funding

SBA 7A Banks in Milan, Georgia

Getting an SBA Loan in Georgia