Company Gets a Georgia Bank Loan
Want a Georgia SBA loan? This Georgia entrepreneur got an SBA loan, provided by a Georgia bank that works with the SBA to help small business owners.
Getting a small business loan in Atlanta, Georgia was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Regions Bank. Here are the details on this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
ATLANTA, GA 30316
SBA Loan Lender
REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
Loan Approval Date
3/30/2000
Loan Approval Gross Amount
$1,160,000
Loan Approval from the SBA
Of the total $1,160,000 loan amount, the SBA guaranteed $742,400.
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 3 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 8 existing jobs.
Next Steps for Getting an SBA Loan
Don't forget. To get an SBA loan, you must 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 can help you find the best banks for small businesses in Atlanta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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