Raising Money for Veterinary Services

Looking for bank loans for veterinary services? An SBA loan may be just what you've been looking for. This $67,000 veterinary services loan was issued by a Georgia bank.

Getting a small business loan in Thomasville, Georgia was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Farmers & Merchants Bank, operating out of Thomasville, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
THOMASVILLE, GA 31757

SBA Loan Lender

FARMERS & MERCHANTS BANK
1313 E JACKSON ST
THOMASVILLE, GA 31792

This commercial 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

541940 - Veterinary Services

Loan Approval Date

10/29/2003

Loan Approval Gross Amount

$67,000

Loan Approval from the SBA

Of the total $67,000 loan amount, the SBA guaranteed $56,950.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers & Merchants Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers & Merchants 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.

Related Links:

Dealing With Venture Capitalists

SBA Approved Banks in Thomasville, Georgia

Browse All Business Loan Sources for Georgia