Community Bank Of The South Gives Small Business Loan to Custom Computer Programming Services Company

Would a Georgia small business loan help your small business to grow and prosper? If so, you may want to talk with this Georgia bank, which offers SBA loans to Georgia entrepreneurs.

Getting a small business loan in Atlanta, Georgia was a top priority for this small company back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Community Bank Of The South. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES
ATLANTA, GA 30307

SBA Loan Lender

COMMUNITY BANK OF THE SOUTH
3016 ATLANTA RD
SMYRNA, GA 30080

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541511 - Custom Computer Programming Services

Loan Approval Date

1/11/2008

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $47,500.

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 4 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank Of The South had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank Of The South made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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