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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Americus, Business Loans > Sumter Bank & Trust Company Americus Business Loans > General Contracting For Nonresidential Buildings Loan | ||||
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SBA Lenders in Georgia
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Financing for Commercial and Institutional Building ConstructionLooking for commercial loans for commercial and institutional building construction? Try the SBA. This $62,400 commercial and institutional building construction loan was issued by a Georgia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Plains, Georgia was able to borrow $62,400 from Sumter Bank & Trust Company. The SBA made the loan possible by guaranteeing $53,040 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL CONTRACTING FOR NONRESIDENTIAL BUILDINGS SBA Loan Lender SUMTER BANK & TRUST COMPANY This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program requires 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 1542 - General Contracting for Nonresidential Buildings NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 1/19/2001 Loan Approval Gross Amount $62,400 Loan Approval from the SBA Of the total $62,400 loan amount, the SBA guaranteed $53,040. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sumter Bank & Trust Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: The Friends and Family Network Find an SBA Lender in Americus, Georgia
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