Quantum National Bank SBA Loan to Gasoline Service Stations Company

Looking to get a Georgia SBA loan? Here's one Georgia business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in College Park, Georgia, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Quantum National Bank, based in Suwanee, Georgia.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
COLLEGE PARK, GA 30125

SBA Loan Lender

QUANTUM NATIONAL BANK
505 PEACHTREE IND BLVD
SUWANEE, GA 30024

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.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

6/15/2000

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

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 SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in College Park GA, you ought to talk with a local College Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to College Park businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Quantum National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Family and Friend Investors - Your First Financiers

Where to Get an SBA Loan in Suwanee, Georgia

SBA Participating Banks in Georgia