Statesboro, Georgia Lender Lends Money to Drycleaning And Laundry Services Company

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

Applying for an SBA loan with Sea Island Bank worked out well for our friends at one local business in Statesboro, Georgia. The business was able to get an SBA loan for $789,186. Great job!

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
STATESBORO, GA 30458

SBA Loan Lender

SEA ISLAND BANK
2 E MAIN ST
STATESBORO, GA 30458

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

12/14/2004

Loan Approval Gross Amount

$789,186

Loan Approval from the SBA

Of the total $789,186 loan amount, the SBA guaranteed $591,890.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 43 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

This SBA loan was for $789,186. How would you spend $789,186 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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