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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Carrollton, Business Loans > Citizens Bank & Tr - W. Georgia Carrollton Business Loans > Concrete Contractors Loan | ||||
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Citizens Bank & Tr - W. Georgia
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Temple, Georgia Business Gets SBA-Guaranteed Funding from Citizens Bank & Tr - W. GeorgiaAn SBA loan from Citizens Bank & Tr - W. Georgia typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Temple, Georgia business owner got a $175,000 loan. This business knew how to go about getting a business bank loan. Based in Temple, Georgia, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Citizens Bank & Tr - W. Georgia, based in Carrollton, Georgia. SBA Loan Borrower COMPANY TYPE: CONCRETE CONTRACTORS SBA Loan Lender CITIZENS BANK & TR - W. GEORGIA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235710 - Concrete Contractors Loan Approval Date 10/28/2003 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. 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 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Realistic Debt Financing Options SBA 7A Banks in Carrollton, Georgia Getting an SBA Loan in Georgia
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