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December 20, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Citizens Trust Bank Atlanta Business Loans > Adjustment And Collection Services Loan | ||||
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We Needed an SBA Loan in Lithonia, Georgia and We Got One!
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Collection Agencies LoansWith these loans for collection agencies, the SBA guarantees the lender that the loan will be repaid. This collection agencies loan for $40,000 was given to a Georgia entrepreneur in 2000. This company knew how to go about getting a business bank loan. Based in Lithonia, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Citizens Trust Bank, based in Atlanta, Georgia. SBA Loan Borrower COMPANY TYPE: ADJUSTMENT AND COLLECTION SERVICES SBA Loan Lender CITIZENS TRUST BANK This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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 7322 - Adjustment and Collection Services NAICS Code 561440 - Collection Agencies Loan Approval Date 8/18/2000 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $32,000. 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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Approved Banks in Atlanta, Georgia
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