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May 13, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Augusta, Business Loans > Georgia Bank & Trust - Augusta Augusta Business Loans > Water, Sewer, And Utility Lines Loan | ||||
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Raising Money in Augusta, Georgia With SBA Loans
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Get an SBA Loan for Water, Sewer, and Pipeline ConstructionLooking for small business loans for water, sewer, and pipeline construction? Try the SBA. This $150,000 water, sewer, and pipeline construction loan was issued by a Georgia bank. This company knew how to go about getting a business bank loan. Based in Augusta, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Georgia Bank & Trust - Augusta, based in Augusta, Georgia. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND UTILITY LINES SBA Loan Lender GEORGIA BANK & TRUST - AUGUSTA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1623 - Water, Sewer, and Utility Lines NAICS Code 234910 - Water, Sewer, and Pipeline Construction Loan Approval Date 8/5/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 30 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Raising VC Money for Social Networking Companies SBA 7A Banks in Augusta, Georgia
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