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May 7, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Alma, Business Loans > First National Bank South Alma Business Loans > Nursing Care Facilities Loan | ||||
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Alma, Georgia SBA Lenders
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Alma, Georgia Bank Gives SBA Loan to Nursing Care Facilities CompanyThinking about meeting with an Alma, Georgia bank about a business loan? Here's one Georgia business loan, issued by an Alma bank, that was approved by the SBA. Applying for an SBA loan with First National Bank South worked out well for our friends at one local company in Waycross, Georgia. They received an SBA loan for $584,500. Awesome! SBA Loan Borrower COMPANY TYPE: NURSING CARE FACILITIES SBA Loan Lender FIRST NATIONAL BANK SOUTH This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 623110 - Nursing Care Facilities Loan Approval Date 4/8/2003 Loan Approval Gross Amount $584,500 Loan Approval from the SBA Of the total $584,500 loan amount, the SBA guaranteed $438,375. 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 11 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Obtaining Funding - Friends and Family Small Bank Loans in Alma, Georgia
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