SBA Loan from Security Bank - Houston Cnty Helps Electrical Wiring Supplies Company

Security Bank - Houston Cnty is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Georgia entrepreneur who tapped into the power of SBA loans.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Security Bank - Houston Cnty, out of Perry, Georgia. The loan was granted and they received $150,000 to help grow their Warner Robin, Georgia business.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WIRING SUPPLIES
WARNER ROBIN, GA 31088

SBA Loan Lender

SECURITY BANK - HOUSTON CNTY
1208 WASHINGTON ST
PERRY, GA 31069

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5063 - Electrical Wiring Supplies

NAICS Code

421610 - Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials

Loan Approval Date

1/15/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Warner Robin GA, you ought to talk with a local Warner Robin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Warner Robin businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Security Bank - Houston Cnty so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Who Lends Money to Small Businesses in Perry, Georgia

Georgia SBA Bank Lenders