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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Statesboro, Business Loans > Farmers & Merchants Bank Statesboro Business Loans > Book Stores Loan | ||||
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Banks in Statesboro, Georgia That Make SBA Loans
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Statesboro, Georgia Lender Lends Money to Book Stores CompanyGet SBA loans from a Statesboro, Georgia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Farmers & Merchants Bank is a Statesboro, Georgia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Georgia company. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender FARMERS & MERCHANTS BANK This lender issued this small business loan under the 7A SBA program, 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 451211 - Book Stores Loan Approval Date 6/7/2006 Loan Approval Gross Amount $84,000 Loan Approval from the SBA Of the total $84,000 loan amount, the SBA guaranteed $71,400. 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 8 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. We've showcased information on this loan to let you know that businesses like yours 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: SBA 7A Lenders in Statesboro, Georgia
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