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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Valdosta, Business Loans > Guardian Bank Valdosta Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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What Does It Take to Get a Business Loan in Valdosta, Georgia?
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Borrowing Money for Commercial and Industrial Machinery and EquipmentLooking for loans for commercial and industrial machinery and equipment? Try the SBA. This $95,000 commercial and industrial machinery and equipment loan was issued by a Georgia bank. This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Guardian Bank, out of Valdosta, Georgia. The loan was granted and they received $95,000 to help grow their Valdosta, Georgia business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender GUARDIAN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 4/17/2003 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Guardian Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks in Valdosta, Georgia Getting an SBA Loan in Georgia
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