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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 > Coin-Operated Amusement Devices Loan | ||||
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SBA Lenders in Georgia
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Financing for Amusement and Recreation IndustriesWith these commercial loans for amusement and recreation industries, the SBA guarantees the lender that the loan will be repaid. This amusement and recreation industries loan for $70,000 was given to a Georgia entrepreneur in 2003. This business knew how to go about getting a business bank loan. Based in Naylor, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Farmers & Merchants Bank, based in Lakeland, Georgia. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED AMUSEMENT DEVICES SBA Loan Lender FARMERS & MERCHANTS BANK 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 7993 - Coin-Operated Amusement Devices NAICS Code 713990 - Amusement and Recreation Industries Loan Approval Date 8/25/2003 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Naylor GA, you ought to talk with a local Naylor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Naylor businesses. 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: SBA Approved Banks in Lakeland, Georgia
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