Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Savannah, Georgia Bank Loan

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Office Equipment Wholesalers

With these small business loans for office equipment wholesalers, the SBA guarantees the lender that the loan will be repaid. This office equipment wholesalers loan for $100,000 was given to a Georgia entrepreneur in 2002.

Getting a small business loan in Savannah, Georgia was important for this growing firm back in 2002 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: OFFICE EQUIPMENT
SAVANNAH, GA 31410

SBA Loan Lender

SUNTRUST BANK
33 BULL ST
SAVANNAH, GA 31401

This lender issued this particular 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.

SIC Code

5044 - Office Equipment

NAICS Code

421420 - Office Equipment Wholesalers

Loan Approval Date

1/7/2002

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

SBIR Funding

SBA Banks in Savannah, Georgia

Getting an SBA Loan in Georgia