Bank Loans for General Merchandise Stores

Looking for bank loans for general merchandise stores? Talk to a banker who works with the SBA. This $59,300 general merchandise stores loan was issued by a Georgia bank.

Getting a small business loan in Phenix, Alabama was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Columbus Bank & Trust, operating out of Columbus, Georgia. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: VARIETY STORES
PHENIX, AL 36869

SBA Loan Lender

COLUMBUS BANK & TRUST
1148 BROADWAY
COLUMBUS, GA 31901

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5331 - Variety Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

5/11/2000

Loan Approval Gross Amount

$59,300

Loan Approval from the SBA

Of the total $59,300 loan amount, the SBA guaranteed $47,440.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the funding would help create 2 new jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Columbus Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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