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May 7, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Douglas, Business Loans > First National Bank - Coffee Cnty Douglas Business Loans > Furniture Stores Loan | ||||
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Small Business Banks for Douglas, Georgia Small Business Owners
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Commercial Loans for Furniture StoresLooking for commercial loans for furniture stores? The SBA may be the answer. This $45,000 furniture stores loan was issued by a Georgia bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First National Bank - Coffee Cnty, out of Douglas, Georgia. The loan was granted and they received $45,000 to help grow their Douglas, Georgia business. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender FIRST NATIONAL BANK - COFFEE CNTY 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 5712 - Furniture Stores NAICS Code 442110 - Furniture Stores Loan Approval Date 10/9/2003 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 only one employee. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Best Banks in Douglas, Georgia Browse All Business Loan Sources for Georgia
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