Entrepreneur Works With Saint Marys, Georgia Bank to Get an SBA Loan

Find Saint Marys, Georgia banks that specialize in small business loans and know how to work with entrepreneurs. Satilla Community Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Saint Marys, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Satilla Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: VARIETY STORES
SAINT MARYS, GA 31558

SBA Loan Lender

SATILLA COMMUNITY BANK
6308 HWY 40 EAST
SAINT MARYS, GA 31558

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

6/6/2002

Loan Approval Gross Amount

$50,555

Loan Approval from the SBA

Of the total $50,555 loan amount, the SBA guaranteed $42,971.

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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

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:

Small Business Credit Cards

SBA 7A Banks in Saint Marys, Georgia

SBA Lenders in Georgia