 |
 |
May 4, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Georgia Business Loan Sources > Dawson, Business Loans > Bank Of Terrell Dawson Business Loans > Carwashes Loan | ||||
 |
||||
Raising Money in Americus, Georgia With SBA Loans
|
||||
 |
Small Business Loans for Car WashesWith these small business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $460,000 was given to a Georgia entrepreneur in 2000. Getting a small business loan in Americus, Georgia was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Terrell, operating out of Dawson, Georgia. Here are the details on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender BANK OF TERRELL This bank 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 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 3/13/2000 Loan Approval Gross Amount $460,000 Loan Approval from the SBA Of the total $460,000 loan amount, the SBA guaranteed $345,000. 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 only one employee. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Family and Friend Investors - Your First Financiers
|
|
||
|
||||
|
|
||||