Business Loan from Security Bank - Houston Cnty Given to Personal Services Company

An SBA loan from Security Bank - Houston Cnty typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Warner Robins, Georgia business owner got a $103,550 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Warner Robins, Georgia was able to borrow $103,550 from Security Bank - Houston Cnty. The SBA made the loan possible by guaranteeing $88,017 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
WARNER ROBINS, 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

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

12/19/2003

Loan Approval Gross Amount

$103,550

Loan Approval from the SBA

Of the total $103,550 loan amount, the SBA guaranteed $88,017.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, 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.

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