Commercial Loans for Motorcycle, Bicycle, and Parts Manufacturing

With these commercial loans for motorcycle, bicycle, and parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This motorcycle, bicycle, and parts manufacturing loan for $33,000 was given to a Georgia entrepreneur in 2000.

Getting a small business loan in Savannah, Georgia was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank, operating out of Savannah, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLES, BICYCLES, AND PARTS
SAVANNAH, GA 31406

SBA Loan Lender

SUNTRUST BANK
33 BULL ST
SAVANNAH, GA 31401

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3751 - Motorcycles, Bicycles, and Parts

NAICS Code

336991 - Motorcycle, Bicycle, and Parts Manufacturing

Loan Approval Date

3/31/2000

Loan Approval Gross Amount

$33,000

Loan Approval from the SBA

Of the total $33,000 loan amount, the SBA guaranteed $26,400.

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 7 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Suntrust Bank and they will explain how you can get an SBA loan for your company.

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.

Where to Get an SBA Loan in Savannah, Georgia

SBA Participating Banks in Georgia

Small Business Banks for Savannah Business Owners

Commercial Loans for Motorcycle, Bicycle, and Parts Manufacturing