Bank Loans for Site Preparation Contractors

With these bank loans for site preparation contractors, the SBA guarantees the lender that the loan will be repaid. This site preparation contractors loan for $252,000 was given to a Georgia entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Wrightsville, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Wrightsville, based in Wrightsville, Georgia.

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
WRIGHTSVILLE, GA 31096

SBA Loan Lender

BANK OF WRIGHTSVILLE
110 BRADFORD ST
WRIGHTSVILLE, GA 31096

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238910 - Site Preparation Contractors

Loan Approval Date

11/2/2004

Loan Approval Gross Amount

$252,000

Loan Approval from the SBA

Of the total $252,000 loan amount, the SBA guaranteed $189,000.

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 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Wrightsville had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Wrightsville made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

How to Raise Money

SBA 7A Lenders in Wrightsville, Georgia

SBA Lenders in Georgia