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May 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Blairsville, Business Loans > United Community Bank Blairsville Business Loans > Business Services Loan | ||||
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Georgia Bank SBA Loans
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United Community Bank SBA Loan to Business Services CompanyAn SBA loan from United Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Young Harris, Georgia business owner got a $48,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with United Community Bank, out of Blairsville, Georgia. The loan was granted and they received $48,000 to help grow their Young Harris, Georgia business. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender UNITED COMMUNITY BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 314999 - Textile Product Mills Loan Approval Date 5/1/2002 Loan Approval Gross Amount $48,000 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company 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? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 - Friends and Family SBA Banks in Blairsville, Georgia
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