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May 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Dudley, Business Loans > Bank Of Dudley Dudley Business Loans > Office Supplies And Stationery Loan | ||||
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Dublin, Georgia Bank Loan
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Dublin, Georgia Entrepreneur Gets a Business LoanSBA loans in Georgia are hard to find these days. We take a look at one Georgia SBA loan, provided by a Georgia bank, that was approved by the SBA. By giving the right information to Bank Of Dudley, this Dublin, Georgia business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY SBA Loan Lender BANK OF DUDLEY This lender issued this 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 453210 - Office Supplies and Stationery Loan Approval Date 4/15/2004 Loan Approval Gross Amount $479,000 Loan Approval from the SBA Of the total $479,000 loan amount, the SBA guaranteed $359,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $479,000. How would you spend $479,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: A Company That Helps Entrepreneurs Find an SBA Lender in Dudley, Georgia
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