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November 14, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Cornerstonebank Atlanta Business Loans > Meat And Meat Product Merchant Wholesalers Loan | ||||
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SBA Lenders in Mableton, Georgia
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SBA Loan from Cornerstonebank Helps Meat And Meat Product Merchant Wholesalers CompanyAn SBA loan from Cornerstonebank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mableton, Georgia business owner got a $638,400 loan. This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Cornerstonebank, out of Atlanta, Georgia. The loan was granted and they received $638,400 to help grow their Mableton, Georgia business. SBA Loan Borrower COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS SBA Loan Lender CORNERSTONEBANK 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 424470 - Meat and Meat Product Merchant Wholesalers Loan Approval Date 3/29/2007 Loan Approval Gross Amount $638,400 Loan Approval from the SBA Of the total $638,400 loan amount, the SBA guaranteed $478,800. More Information on This SBA Loan The borrower borrowed this money for a new 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 generate 4 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $638,400. How would you spend $638,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family Browse All Business Loan Sources for Georgia
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