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May 11, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Augusta, Business Loans > First Bank Of Georgia Augusta Business Loans > Personal Services Loan | ||||
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Augusta Bank Loan
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Augusta, Georgia Bank Lends Money to Personal Services Company in Evans, GeorgiaWant to talk with an Augusta, Georgia bank about a business loan? Here's one Georgia business loan, issued by an Augusta 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 firm in Evans, Georgia. The business was able to get an SBA loan for $150,000. Great job! SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender FIRST BANK OF GEORGIA This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 532220 - Formal Wear and Costume Rental Loan Approval Date 2/28/2001 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 a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in Augusta, Georgia
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