Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

We Needed a Commercial Loan in Douglasville, Georgia and We Got One!

 

 
Loan Census SBA Loan Info

Business Loans for Solid Waste Collection

Looking for business loans for solid waste collection? Talk to a banker who works with the SBA. This $766,000 solid waste collection loan was issued by a Georgia bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with North Atlanta National Bank, out of Alpharetta, Georgia. The loan was granted and they received $766,000 to help grow their Douglasville, Georgia business.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
DOUGLASVILLE, GA 30154

SBA Loan Lender

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

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

4/19/2002

Loan Approval Gross Amount

$766,000

Loan Approval from the SBA

Of the total $766,000 loan amount, the SBA guaranteed $574,500.

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 only one employee. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from North Atlanta 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:

Obtaining Funding - Friends and Family

SBA Approved Banks in Alpharetta, Georgia

SBA Lenders in Georgia