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May 4, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Valdosta, Business Loans > First St. Bank & Trust - Valdost Valdosta Business Loans > Floor Covering Stores Loan | ||||
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SBA 7A Banks for Small Businesses in Georgia
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Valdosta, Georgia Entrepreneur Gets a Bank LoanWould a Georgia small business loan help your small business to grow and prosper? If so, you may want to talk with this Georgia bank, which offers SBA loans to Georgia entrepreneurs. You can learn something about getting a small business loan in Valdosta, Georgia by studying this loan to a local company, made back in 2007. Banks like First St. Bank & Trust - Valdost may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FLOOR COVERING STORES SBA Loan Lender FIRST ST. BANK & TRUST - VALDOST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442210 - Floor Covering Stores Loan Approval Date 1/26/2007 Loan Approval Gross Amount $131,500 Loan Approval from the SBA Of the total $131,500 loan amount, the SBA guaranteed $111,775. More Information on This SBA Loan The borrower borrowed this money for an existing 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 loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First St. Bank & Trust - Valdost had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First St. Bank & Trust - Valdost made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 for Small Business in Valdosta, Georgia
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