Business Loan from Durden Banking Co., Inc. Given to Farm Supplies Wholesalers Company

An SBA loan from Durden Banking Co., Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Swainsboro, Georgia business owner got a $500,000 loan.

Getting a small business loan in Swainsboro, Georgia was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Durden Banking Co., Inc., operating out of Twin City, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES WHOLESALERS
SWAINSBORO, GA 30401

SBA Loan Lender

DURDEN BANKING CO., INC.
111 N RAILROAD AVE
TWIN CITY, GA 30471

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

3/28/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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