Loan Census Banking News and Information
May 3, 2024  
 
 
  Business Loan Information  
 

Best Banks in Georgia

 

 
Loan Census SBA Loan Info

Small Business Loans for Plumbing, Heating, and Air Conditioning Contractors

Looking for small business loans for plumbing, heating, and air conditioning contractors? Talk to a banker who works with the SBA. This $132,710 plumbing, heating, and air conditioning contractors loan was issued by a Georgia bank.

Getting a small business loan in Valdosta, Georgia was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Colony Bank Quitman, Fsb, operating out of Quitman, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
VALDOSTA, GA 31602

SBA Loan Lender

COLONY BANK QUITMAN, FSB
602 E SCREVEN ST
QUITMAN, GA 31643

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1711 - Plumbing, Heating, and Air-Conditioning

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

6/6/2002

Loan Approval Gross Amount

$132,710

Loan Approval from the SBA

Of the total $132,710 loan amount, the SBA guaranteed $112,803.

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 4 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $132,710 loan. Remember, you control your own destiny.

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:

Financing Your Business

Good Banks for Small Business in Quitman, Georgia

Where to Get an SBA Loan Georgia