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December 19, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Cornerstonebank Atlanta Business Loans > Wood Product Manufacturing Loan | ||||
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SBA Lender Atlanta
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Entrepreneur Works With Atlanta, Georgia Bank to Get an SBA LoanWant to talk with an Atlanta, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by an Atlanta bank, that was approved by the SBA. Applying for an SBA loan with Cornerstonebank worked out well for our friends at one local company in Atlanta, Georgia. The business was able to get an SBA loan for $875,500. Great job! SBA Loan Borrower COMPANY TYPE: WOOD PRODUCT MANUFACTURING SBA Loan Lender CORNERSTONEBANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321999 - Wood Product Manufacturing Loan Approval Date 12/27/2004 Loan Approval Gross Amount $875,500 Loan Approval from the SBA Of the total $875,500 loan amount, the SBA guaranteed $656,625. 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 44 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 48 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cornerstonebank and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship Best Atlanta, Georgia Banks for Small Business Getting an SBA Loan in Georgia
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