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November 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Atlanta, Business Loans > Regions Bank Atlanta Business Loans > Eating Places Loan | ||||
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Georgia Bank SBA Loans
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Regions Bank SBA Loan to Eating Places CompanySearching for an Alabama SBA loan? Here's one Alabama business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Madison, Alabama was able to borrow $405,000 from Regions Bank. The SBA made the loan possible by guaranteeing $303,750 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender REGIONS BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 5/8/2000 Loan Approval Gross Amount $405,000 Loan Approval from the SBA Of the total $405,000 loan amount, the SBA guaranteed $303,750. 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 only one employee. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions Bank 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: Dealing With Venture Capitalists SBA Participating Banks in Atlanta, Georgia
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