Loan Census Banking News and Information
May 1, 2024  
 
 
  Business Loan Information  
 

Richmond Hill, Georgia Bank Loan

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Chiropractors

Looking for loans for chiropractors? An SBA loan may be just what you've been looking for. This $32,312 chiropractors loan was issued by a Georgia bank.

This company knew how to go about getting a business bank loan. Based in Richmond Hill, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Branch Bank & Trust, based in Savannah, Georgia.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
RICHMOND HILL, GA 31326

SBA Loan Lender

BRANCH BANK & TRUST
7 E CONGRESS ST
SAVANNAH, GA 31401

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

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

3/22/2001

Loan Approval Gross Amount

$32,312

Loan Approval from the SBA

Of the total $32,312 loan amount, the SBA guaranteed $27,465.

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 3 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Branch Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Business Incubators

SBA Approved Banks in Savannah, Georgia

SBA Participating Banks in Georgia