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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Statesboro, Business Loans > Queensborough National Bank & Trust Statesboro Business Loans > Fabricated Metal Product Manufacturing Loan | ||||
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Banks in Statesboro, Georgia That Make SBA Loans
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Entrepreneur Works With Statesboro, Georgia Bank to Get an SBA LoanThinking about meeting with a Statesboro, Georgia bank about a business loan? Here's one Georgia business loan, issued by a Statesboro bank, that was approved by the SBA. Applying for an SBA loan with Queensborough National Bank & Trust worked out well for our friends at one local business in Augusta, Georgia. The business was able to get an SBA loan for $238,500. Nice! SBA Loan Borrower COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING SBA Loan Lender QUEENSBOROUGH NATIONAL BANK & TRUST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332999 - Fabricated Metal Product Manufacturing Loan Approval Date 10/27/2006 Loan Approval Gross Amount $238,500 Loan Approval from the SBA Of the total $238,500 loan amount, the SBA guaranteed $178,875. 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 15 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 15 existing jobs. 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. We can help you find the best banks for small businesses in Augusta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Good Banks for Small Business in Statesboro, Georgia
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