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November 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Atlanta, Business Loans > Georgia Banking Company Atlanta Business Loans > Gasoline Service Stations Loan | ||||
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Atlanta, Georgia SBA 7A Banks
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Atlanta, Georgia Lender Lends Money to Gasoline Service Stations CompanyWant to talk 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 Georgia Banking Company worked out well for our friends at one local business in Geneva, Alabama. They got an SBA loan for $643,000. Nice! SBA Loan Borrower COMPANY TYPE: GASOLINE SERVICE STATIONS SBA Loan Lender GEORGIA BANKING COMPANY This lender issued this loan for a small business 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. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 9/9/2002 Loan Approval Gross Amount $643,000 Loan Approval from the SBA Of the total $643,000 loan amount, the SBA guaranteed $482,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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 Georgia Banking Company 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: SBA Participating Banks in Atlanta, Georgia
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