SBA Loan from The Buckhead Community Bank Helps Plumbing And Heating Equipment And Supplies Merchant Wholesaler Company

An SBA loan from The Buckhead Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mcdonough, Georgia business owner got a $843,600 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mcdonough, Georgia was able to borrow $843,600 from The Buckhead Community Bank. The SBA made the loan possible by guaranteeing $632,700 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER
MCDONOUGH, GA 30253

SBA Loan Lender

THE BUCKHEAD COMMUNITY BANK
415 E PACES FERRY RD
ATLANTA, GA 30305

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$843,600

Loan Approval from the SBA

Of the total $843,600 loan amount, the SBA guaranteed $632,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Buckhead Community Bank and they will explain how you can get an SBA loan for your company.

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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Atlanta, Georgia

Getting an SBA Loan in Georgia