Raising Money for Nondurable Goods Merchant Wholesalers

With these business loans for nondurable goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This nondurable goods merchant wholesalers loan for $211,490 was given to a Georgia entrepreneur in 2005.

Getting a small business loan in Colquitt, Georgia was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Peoplesouth Bank, operating out of Colquitt, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS MERCHANT WHOLESALERS
COLQUITT, GA 39837

SBA Loan Lender

PEOPLESOUTH BANK
203 CRAWFORD ST
COLQUITT, GA 39837

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424990 - Nondurable Goods Merchant Wholesalers

Loan Approval Date

1/21/2005

Loan Approval Gross Amount

$211,490

Loan Approval from the SBA

Of the total $211,490 loan amount, the SBA guaranteed $158,618.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 24 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Peoplesouth Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Colquitt, Georgia

Getting an SBA Loan in Georgia