Heritagebank Of The South SBA Loan to Motor Vehicle Supplies And New Parts Company
Looking to get a Georgia SBA loan? Here's one Georgia business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in Albany, Georgia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Heritagebank Of The South, based in Albany, Georgia.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS
ALBANY, GA 31705
SBA Loan Lender
HERITAGEBANK OF THE SOUTH
721 N WESTOVER BLVD
ALBANY, GA 31707
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5013 - Motor Vehicle Supplies and New Parts
Loan Approval Date
5/5/2000
Loan Approval Gross Amount
$190,000
Loan Approval from the SBA
Of the total $190,000 loan amount, the SBA guaranteed $142,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 company planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are wondering how to find money to start a 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. Heritagebank Of The South had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Heritagebank Of The South 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.
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