Bank Loans for Cellulosic Organic Fiber Manufacturing

With these bank loans for cellulosic organic fiber manufacturing, the SBA guarantees the lender that the loan will be repaid. This cellulosic organic fiber manufacturing loan for $700,000 was given to a Georgia entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Washington, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Farmers State Bank, based in Lincolnton, Georgia.

SBA Loan Borrower

COMPANY TYPE: CELLULOSIC ORGANIC FIBER MANUFACTURING
WASHINGTON, GA 30673

SBA Loan Lender

FARMERS STATE BANK
115 N WASHINGTON ST
LINCOLNTON, GA 30817

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325221 - Cellulosic Organic Fiber Manufacturing

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 88 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Borrowing Money from Friends and Family

SBA Approved Banks in Lincolnton, Georgia

Georgia SBA 7A Lenders