Cumming, Georgia Business Gets SBA-Guaranteed Funding from North Atlanta National Bank

An SBA loan from North Atlanta National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cumming, Georgia business owner got a $407,000 loan.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with North Atlanta National Bank, out of Alpharetta, Georgia. The loan was granted and they received $407,000 to help grow their Cumming, Georgia business.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
CUMMING, GA 30040

SBA Loan Lender

NORTH ATLANTA NATIONAL BANK
10500 OLD ALABAMA RD CONNECTO
ALPHARETTA, GA 30022

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

12/17/2004

Loan Approval Gross Amount

$407,000

Loan Approval from the SBA

Of the total $407,000 loan amount, the SBA guaranteed $305,250.

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 32 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. North Atlanta National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, North Atlanta National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Line of Credit

SBA 7A Banks for Alpharetta, Georgia Loans

Where to Get an SBA Loan Georgia