Atlanta, Georgia Lender Lends Money to Computer Rental And Leasing Company

Thinking about meeting with an Atlanta, Georgia bank about a business loan? Here's one Alabama business loan, issued by an Atlanta bank, that was approved by the SBA.

Applying for an SBA loan with Regions Bank worked out well for our friends at one local firm in Decatur, Alabama. The business was able to get an SBA loan for $20,000. Great job!

SBA Loan Borrower

COMPANY TYPE: COMPUTER RENTAL AND LEASING
DECATUR, AL 35601

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7377 - Computer Rental and Leasing

NAICS Code

532420 - Office Machinery and Equipment Rental and Leasing

Loan Approval Date

1/25/2001

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Decatur 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.

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