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May 3, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Valdosta, Business Loans > Commercial Banking Company Valdosta Business Loans > Roofing, Siding, And Insulation Materials Loan | ||||
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Georgia Bank SBA Loans
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Commercial Banking Company SBA Loan to Roofing, Siding, And Insulation Materials CompanyLooking to get a Georgia business loan? Here's one Georgia business loan that was approved by the SBA. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Commercial Banking Company, out of Valdosta, Georgia. The loan was granted and they received $285,000 to help grow their Valdosta, Georgia business. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND INSULATION MATERIALS SBA Loan Lender COMMERCIAL BANKING COMPANY 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. SIC Code 5033 - Roofing, Siding, and Insulation Materials NAICS Code 421330 - Loan Approval Date 7/25/2002 Loan Approval Gross Amount $285,000 Loan Approval from the SBA Of the total $285,000 loan amount, the SBA guaranteed $213,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commercial Banking Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Approved Banks in Valdosta, Georgia SBA Participating Banks in Georgia
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