Entrepreneur Works With Statesboro, Georgia Bank to Get an SBA Loan

Want to talk with a Statesboro, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Statesboro bank, that was approved by the SBA.

Applying for an SBA loan with The Park Avenue Bank worked out well for our friends at one local firm in Statesboro, Georgia. They received an SBA loan for $371,500. Great job!

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
STATESBORO, GA 30458

SBA Loan Lender

THE PARK AVENUE BANK
335 S MAIN ST
STATESBORO, GA 30458

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

11/29/2000

Loan Approval Gross Amount

$371,500

Loan Approval from the SBA

Of the total $371,500 loan amount, the SBA guaranteed $278,625.

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

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Park Avenue Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Park Avenue Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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