Business Loans for Mortgage and Nonmortgage Loan Brokers
Looking for business loans for mortgage and nonmortgage loan brokers? Try the SBA. This $25,000 mortgage and nonmortgage loan brokers loan was issued by a Georgia bank.
This business knew how to go about getting a business bank loan. Based in Atlanta, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Cornerstonebank, based in Atlanta, Georgia.
SBA Loan Borrower
COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS
ATLANTA, GA 30339
SBA Loan Lender
CORNERSTONEBANK
2060 MT PARAN RD NW, STE 100
ATLANTA, GA 30327
This lender processed this commercial 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
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
3/7/2007
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
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.
Related Links:
Understanding Dilution
Where to Get an SBA Loan in Atlanta, Georgia
SBA Georgia Banks