Atlanta, Georgia Lender Lends Money to Limited-Service Restaurants Company

Get business loans from an Atlanta, Georgia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

United Commercial Bank is a Atlanta, Georgia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Georgia company.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
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

722211 - Limited-Service Restaurants

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$233,000

Loan Approval from the SBA

Of the total $233,000 loan amount, the SBA guaranteed $174,750.

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 14 employees. The loan application indicated that the loan would help retain 14 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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