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May 18, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Savannah, Business Loans > Banksouth Savannah Business Loans > Carpentry Contractors Loan | ||||
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Raising Money in Savannah, Georgia With SBA Loans
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Where to Get Capital for Carpentry ContractorsWith these SBA loans for carpentry contractors, the SBA guarantees the lender that the loan will be repaid. This carpentry contractors loan for $80,000 was given to a Georgia entrepreneur in 2004. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Banksouth, out of Savannah, Georgia. The loan was granted and they received $80,000 to help grow their Savannah, Georgia business. SBA Loan Borrower COMPANY TYPE: CARPENTRY CONTRACTORS SBA Loan Lender BANKSOUTH This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235510 - Carpentry Contractors Loan Approval Date 8/24/2004 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banksouth and they will explain how you can get an SBA loan for your company. 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: Where to Get an SBA Loan in Savannah, Georgia
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