Entrepreneur Works With Columbus, Georgia Bank to Get an SBA Loan
Thinking about meeting with a Columbus, Georgia bank about a small business loan? Here's one Alabama business loan, issued by a Columbus bank, that was approved by the SBA.
Applying for an SBA loan with Columbus Bank & Trust worked out well for our friends at one local business in Phenix City, Alabama. The business was able to get an SBA loan for $48,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: PHOTOCOPYING AND DUPLICATING SERVICES
PHENIX CITY, AL 36867
SBA Loan Lender
COLUMBUS BANK & TRUST
COLUMBUS, GA 31901
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
7334 - Photocopying and Duplicating Services
323114 - Quick Printing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $48,000 loan amount, the SBA guaranteed $40,800.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $48,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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