Getting an SBA Loan for Warehouse Clubs and Superstores

Looking for SBA loans for warehouse clubs and superstores? Talk to a banker who works with the SBA. This $50,000 warehouse clubs and superstores loan was issued by a Georgia bank.

This business knew how to go about getting a business bank loan. Based in Doraville, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Global Commerce Bank, based in Doraville, Georgia.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
DORAVILLE, GA 30340

SBA Loan Lender

GLOBAL COMMERCE BANK
5150 BUFORD HWY, STE B-130
DORAVILLE, GA 30340

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452910 - Warehouse Clubs and Superstores

Loan Approval Date

1/19/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Global Commerce Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Borrowing Money from Friends and Family

Best Doraville, Georgia Banks for Small Business

Georgia SBA Banks