Borrowing Money for Fresh Fruit and Vegetable Wholesalers

Looking for loans for fresh fruit and vegetable wholesalers? The SBA may be the answer. This $128,356 fresh fruit and vegetable wholesalers loan was issued by a Georgia bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Coastal Bank, out of Savannah, Georgia. The loan was granted and they received $128,356 to help grow their Savannah, Georgia business.

SBA Loan Borrower

COMPANY TYPE: FRESH FRUITS AND VEGETABLES
SAVANNAH, GA 31419

SBA Loan Lender

THE COASTAL BANK
27 BULL ST
SAVANNAH, GA 31401

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5148 - Fresh Fruits and Vegetables

NAICS Code

422480 - Fresh Fruit and Vegetable Wholesalers

Loan Approval Date

7/21/2003

Loan Approval Gross Amount

$128,356

Loan Approval from the SBA

Of the total $128,356 loan amount, the SBA guaranteed $109,102.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $128,356 loan. Remember, where there is a will, there is a way!

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:

Financing Your Business

Best Banks for Small Business in Savannah, Georgia

SBA Georgia Banks