SBA Loan from Georgia Banking Company Helps Animal Specialty Services Company

An SBA loan from Georgia Banking Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wellington, Florida business owner got a $677,000 loan.

Getting a small business loan in Wellington, Florida was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Georgia Banking Company, operating out of Atlanta, Georgia. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTY SERVICES
WELLINGTON, FL 33414

SBA Loan Lender

GEORGIA BANKING COMPANY
6190 POWERS FERRY RD, STE 150
ATLANTA, GA 30339

This small business 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.

SIC Code

0752 - Animal Specialty Services

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

8/30/2004

Loan Approval Gross Amount

$677,000

Loan Approval from the SBA

Of the total $677,000 loan amount, the SBA guaranteed $507,750.

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 loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Georgia Banking Company and they will explain how you can get an SBA loan for your company.

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:

Role of Business Plan When Raising Money

SBA Approved Banks in Atlanta, Georgia

Where to Get an SBA Loan Georgia