South Georgia Bank

This is a commercial bank that offers SBA loan programs and financial services to help small and medium-sized businesses grow. You can find assistance with SBA 7(a) loans, funding guidance, and personalized banking solutions tailored to your business needs.

It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours. Calling ahead can help you prepare the necessary documentation and streamline the process.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Special hours may apply on holidays, so it’s best to contact them directly for confirmation.

There are no fees for visiting or consulting with the bank, but certain services like loan applications may involve fees such as origination or processing charges. These are discussed upfront during the application process.

This bank primarily serves local residents and businesses in the Glennville area, but they also offer services to clients nationwide for SBA loan programs. Membership is not restricted to residents only.

Typically, a minimum personal credit score of 620 is preferred, but the exact requirement may vary based on the loan type and borrower profile.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and the completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and South Georgia Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call South Georgia Bank to confirm current weekend availability before you go.

South Georgia Bank is located in Georgia — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for South Georgia Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by South Georgia Bank itself, which runs its own lending under its own ownership. If you work at South Georgia Bank, you can claim this listing from this page to manage it.

The core details for South Georgia Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with South Georgia Bank before applying. If you represent South Georgia Bank, claim this listing to keep its information up to date.

You can reach South Georgia Bank by phone at (912) 654-1051 or online at southgabank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with South Georgia Bank before relying on them.

Like most SBA lenders, South Georgia Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask South Georgia Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether South Georgia Bank participates in SBA Express depends on its specific SBA lending authority. Contact South Georgia Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. South Georgia Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. South Georgia Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask South Georgia Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask South Georgia Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask South Georgia Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with South Georgia Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. South Georgia Bank weighs this case by case under its own policy, so be upfront about your history and ask South Georgia Bank how it evaluates prior bankruptcies.