Sawmills Small Business Loans

Looking for small business loans for sawmills? An SBA loan may be just what you've been looking for. This $1,005,000 sawmills loan was issued by a Georgia bank.

Getting a small business loan in Newborn, Georgia was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Barnesville, operating out of Barnesville, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
NEWBORN, GA 30050

SBA Loan Lender

1ST NATIONAL BANK - BARNESVILLE
315 THOMASTON ST
BARNESVILLE, GA 30204

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

321113 - Sawmills

Loan Approval Date

5/9/2003

Loan Approval Gross Amount

$1,005,000

Loan Approval from the SBA

Of the total $1,005,000 loan amount, the SBA guaranteed $753,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Newborn GA, you ought to talk with a local Newborn SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Newborn businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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