Savannah, Georgia Business Gets SBA-Guaranteed Funding from Colony Bank Ashburn

An SBA loan from Colony Bank Ashburn typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Savannah, Georgia business owner got a $100,000 loan.

Getting a small business loan in Savannah, Georgia was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Colony Bank Ashburn, operating out of Ashburn, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SAVANNAH, GA 31401

SBA Loan Lender

COLONY BANK ASHBURN
515 E WASHINGTON AVE
ASHBURN, GA 31714

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/2/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Colony Bank Ashburn 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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