Business Loan from Colony Bank Southeast Given to Child Day Care Services Company
Colony Bank Southeast has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them.
Getting a small business loan in Rochelle, Georgia was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Colony Bank Southeast, operating out of Douglas, Georgia. Here are the details on this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
ROCHELLE, GA 31079
SBA Loan Lender
COLONY BANK SOUTHEAST
625 W WARD ST
DOUGLAS, GA 31533
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
5/4/2007
Loan Approval Gross Amount
$54,000
Loan Approval from the SBA
Of the total $54,000 loan amount, the SBA guaranteed $45,900.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Colony Bank Southeast that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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 Credit Cards
SBA Participating Banks in Douglas, Georgia
Find an SBA Lender in Georgia