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December 22, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Sunrise Bank Of Atlanta Atlanta Business Loans > Residential Care Facilities Loan | ||||
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Banks Doing SBA Loans in Georgia
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Atlanta, Georgia Lender Lends Money to Residential Care Facilities CompanyAn Atlanta, Georgia business loan can be yours. Learn how a business got a $1,025,000 business loan from this Georgia bank. This loan to a local firm is a good example of an SBA loan. Sunrise Bank Of Atlanta 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: RESIDENTIAL CARE FACILITIES SBA Loan Lender SUNRISE BANK OF ATLANTA 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 623990 - Residential Care Facilities Loan Approval Date 10/26/2006 Loan Approval Gross Amount $1,025,000 Loan Approval from the SBA Of the total $1,025,000 loan amount, the SBA guaranteed $768,750. 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 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Carrollton GA, you ought to talk with a local Carrollton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Carrollton businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Who Lends Money to Small Businesses in Atlanta, Georgia Browse All Business Loan Sources for Georgia
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