Georgia Business Loan Issued to Nondurable Goods Merchant Wholesalers Company

Would a Georgia SBA loan help your business get to the next level? If so, you may want to talk with this Georgia bank, which offers SBA loans to Georgia entrepreneurs.

Getting a small business loan in Rhine, Georgia was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The Merchants & Citizens Bank. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS MERCHANT WHOLESALERS
RHINE, GA 31508

SBA Loan Lender

THE MERCHANTS & CITIZENS BANK
200 COLLEGE ST
MCRAE, GA 31055

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

NAICS Code

424990 - Nondurable Goods Merchant Wholesalers

Loan Approval Date

11/26/2004

Loan Approval Gross Amount

$1,171,200

Loan Approval from the SBA

Of the total $1,171,200 loan amount, the SBA guaranteed $878,400.

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 190 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

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:

Equity Financing

SBA 7A Banks in Mcrae, Georgia

Georgia SBA Banks