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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 > Grocery Stores Loan | ||||
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Georgia SBA Loan from First National Bank - Coffee Cnty
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First National Bank - Coffee Cnty SBA Loan to Grocery Stores CompanyFirst National Bank - Coffee Cnty has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First National Bank - Coffee Cnty, out of Douglas, Georgia. The loan was granted and they received $46,000 to help grow their Douglas, Georgia business. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender FIRST NATIONAL BANK - COFFEE CNTY This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores Loan Approval Date 2/1/2000 Loan Approval Gross Amount $46,000 Loan Approval from the SBA Of the total $46,000 loan amount, the SBA guaranteed $34,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $46,000. How would you spend $46,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Douglas, Georgia Banks for Small Business
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