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May 18, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Lakeland, Business Loans > Farmers & Merchants Bank Lakeland Business Loans > Operative Builders Loan | ||||
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SBA Lenders in Georgia
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Business Loan from Farmers & Merchants Bank Given to Operative Builders CompanyFarmers & Merchants Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Georgia entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lakeland, Georgia was able to borrow $872,773 from Farmers & Merchants Bank. The SBA made the loan possible by guaranteeing $654,580 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: OPERATIVE BUILDERS SBA Loan Lender FARMERS & MERCHANTS BANK This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1531 - Operative Builders NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 12/26/2000 Loan Approval Gross Amount $872,773 Loan Approval from the SBA Of the total $872,773 loan amount, the SBA guaranteed $654,580. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 81 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: SBA 7A Banks for Lakeland, Georgia Loans
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