Commercial and Service Industry Machinery Manufacturing Loans

With these loans for commercial and service industry machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This commercial and service industry machinery manufacturing loan for $237,500 was given to a Georgia entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Valdosta, Georgia was able to borrow $237,500 from First St. Bank & Trust - Valdost. The SBA made the loan possible by guaranteeing $178,125 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING
VALDOSTA, GA 31601

SBA Loan Lender

FIRST ST. BANK & TRUST - VALDOST
3650 INNER PERIMETER RD
VALDOSTA, GA 31602

This SBA 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

333319 - Commercial and Service Industry Machinery Manufacturing

Loan Approval Date

6/22/2004

Loan Approval Gross Amount

$237,500

Loan Approval from the SBA

Of the total $237,500 loan amount, the SBA guaranteed $178,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First St. Bank & Trust - Valdost that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

Good Banks for Small Business in Valdosta, Georgia

Getting an SBA Loan in Georgia