First St. Bank & Trust - Valdost SBA Loan to Limited-Service Restaurants Company

First St. Bank & Trust - Valdost is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Georgia entrepreneur who tapped into the power of SBA loans.

This small firm knew how to go about getting a business bank loan. Based in Valdosta, Georgia, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First St. Bank & Trust - Valdost, based in Valdosta, Georgia.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
VALDOSTA, GA 31602

SBA Loan Lender

FIRST ST. BANK & TRUST - VALDOST
3650 INNER PERIMETER RD
VALDOSTA, GA 31602

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/9/2004

Loan Approval Gross Amount

$73,660

Loan Approval from the SBA

Of the total $73,660 loan amount, the SBA guaranteed $55,245.

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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Role of Business Plan When Raising Money

SBA Banks in Valdosta, Georgia

SBA Participating Banks in Georgia