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May 11, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Martinez, Business Loans > First Bank Of Georgia Martinez Business Loans > Liquor Stores Loan | ||||
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Martinez, Georgia SBA 7A Banks
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Martinez, Georgia Bank Lends Money to Liquor Stores Company in Augusta, GeorgiaThinking about meeting with a Martinez, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by a Martinez bank, that was approved by the SBA. Applying for an SBA loan with First Bank Of Georgia worked out well for our friends at one local company in Augusta, Georgia. They got an SBA loan for $405,000. Way to go! SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender FIRST BANK OF GEORGIA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 5/23/2002 Loan Approval Gross Amount $405,000 Loan Approval from the SBA Of the total $405,000 loan amount, the SBA guaranteed $303,750. 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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Bank Of Georgia and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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