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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Statesboro, Business Loans > Queensborough National Bank & Trust Statesboro Business Loans > Rolled Steel Shape Manufacturing Loan | ||||
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Savannah, Georgia Bank Loan
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Savannah, Georgia Entrepreneur Gets a Business LoanGeorgiaBusiness loans are available to Georgia business owners through the SBA. In this case, a Georgia bank provides the loan. This small business, based in Savannah, Georgia, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Queensborough National Bank & Trust. We've got the inside scoop on this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: ROLLED STEEL SHAPE MANUFACTURING SBA Loan Lender QUEENSBOROUGH NATIONAL BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 331221 - Rolled Steel Shape Manufacturing Loan Approval Date 5/26/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 30 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Who Lends Money to Small Businesses in Statesboro, Georgia
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