SBA Loan from United Commercial Bank Helps Amusement Arcades Company
United Commercial Bank has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with United Commercial Bank, out of Atlanta, Georgia. The loan was granted and they received $150,000 to help grow their Duluth, Georgia business.
SBA Loan Borrower
COMPANY TYPE: AMUSEMENT ARCADES
DULUTH, GA 30096
SBA Loan Lender
UNITED COMMERCIAL BANK
4360 CHAMBLEE-DUNWOODY RD
ATLANTA, GA 30341
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713120 - Amusement Arcades
Loan Approval Date
8/13/2004
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like United Commercial Bank and they will explain how you can get an SBA loan for your company.
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:
How Much Venture Capital Is There?
Best Atlanta, Georgia Banks for Small Business
SBA Lenders in Georgia