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May 12, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Tifton, Business Loans > First Community Bank Of Tifton Tifton Business Loans > Gift, Novelty, And Souvenir Stores Loan | ||||
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Tifton SBA Lenders
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Tifton, Georgia Lender Lends Money to Gift, Novelty, And Souvenir Stores CompanyGet to know Tifton, Georgia banks that specialize in SBA loans and know how to work with entrepreneurs. First Community Bank Of Tifton is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Tifton, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from First Community Bank Of Tifton. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES SBA Loan Lender FIRST COMMUNITY BANK OF TIFTON 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 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 7/6/2004 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $90,000. How would you spend $90,000 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: Obtaining Funding - Getting Venture Capital
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