SBA Loans for Peanut Farming

Looking for SBA loans for peanut farming? An SBA loan may be just what you've been looking for. This $149,989 peanut farming loan was issued by a Georgia bank.

This business knew how to go about getting a business bank loan. Based in Swainsboro, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Suntrust Bank, based in Brunswick, Georgia.

SBA Loan Borrower

COMPANY TYPE: FIELD CROPS
SWAINSBORO, GA 30401

SBA Loan Lender

SUNTRUST BANK
510 GLOUCESTER ST
BRUNSWICK, GA 31520

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0139 - Field Crops

NAICS Code

111992 - Peanut Farming

Loan Approval Date

10/7/2002

Loan Approval Gross Amount

$149,989

Loan Approval from the SBA

Of the total $149,989 loan amount, the SBA guaranteed $127,490.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the business promised 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?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Suntrust Bank 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.

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