Loan Census Banking News and Information
November 15, 2024  
 
 
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Valdosta, Georgia SBA Banks

 

 
Loan Census SBA Loan Info

Valdosta, Georgia Bank Lends Money to Professional, Scientific, And Technical Services Company in Valdosta, Georgia

Find Valdosta, Georgia banks that specialize in SBA loans and know how to work with entrepreneurs. Guardian Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Valdosta, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Guardian Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
VALDOSTA, GA 31602

SBA Loan Lender

GUARDIAN BANK
701 WILDWOOD PLANTATION DR
VALDOSTA, GA 31602

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

1/24/2005

Loan Approval Gross Amount

$79,850

Loan Approval from the SBA

Of the total $79,850 loan amount, the SBA guaranteed $67,872.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

Getting a Small Business Loan

SBA 7A Banks in Valdosta, Georgia

Getting a Business Loan in Georgia