Cairo, Georgia Entrepreneur Gets a Small Business Loan

Small business loans in Georgia are are few and far betweeen these days. We take a look at one Georgia small business loan, provided by a Georgia bank, that was approved by the SBA.

You can learn something about getting a small business loan in Cairo, Georgia by studying this loan to a local company, made back in 2002. Banks like United National Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
CAIRO, GA 39828

SBA Loan Lender

UNITED NATIONAL BANK
722 N BROAD ST
CAIRO, GA 39828

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452910 - Warehouse Clubs and Superstores

Loan Approval Date

11/20/2002

Loan Approval Gross Amount

$143,968

Loan Approval from the SBA

Of the total $143,968 loan amount, the SBA guaranteed $122,372.

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 SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from United National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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