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November 21, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Administrative Management And General Management Consulting Services Loan | ||||
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Tips for Business Owners On Getting a Loan
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Where to Get Capital for Administrative Management and General Management Consulting ServicesLooking for small business loans for administrative management and general management consulting services? An SBA loan may be just what you've been looking for. This $5,000 administrative management and general management consulting services loan was issued by a California bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Innovative Bank, out of Oakland, California. The loan was granted and they received $5,000 to help grow their Atlanta, Georgia business. SBA Loan Borrower COMPANY TYPE: ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES SBA Loan Lender INNOVATIVE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541611 - Administrative Management and General Management Consulting Services Loan Approval Date 11/3/2004 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $4,250. 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 10 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are working on finding money to start a business in Atlanta GA, you ought to talk with a local Atlanta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Atlanta businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Oakland, California Browse All Business Loan Sources for California
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