Atlanta, Georgia Lender Lends Money to Car Washes Company
An Atlanta, Georgia SBA loan can be yours. Learn how one firm got a $1,636,800 business loan from this Georgia bank.
This loan to a local firm is a good example of an SBA loan. Rbc Centura Bank made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
ATLANTA, GA 30349
SBA Loan Lender
RBC CENTURA BANK
3475 PIEDMONT RD NE, STE 550
ATLANTA, GA 30305
When it made this small business loan, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
7/18/2003
Loan Approval Gross Amount
$1,636,800
Loan Approval from the SBA
Of the total $1,636,800 loan amount, the SBA guaranteed $999,986.
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 22 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a company 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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Rbc Centura Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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.
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