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November 21, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > The Privatebank Atlanta Business Loans > Public Relations Services Loan | ||||
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Georgia SBA 7A Lenders
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Atlanta, Georgia Bank Lends Money to Public Relations Services Company in Norcross, GeorgiaAn Atlanta, Georgia small business loan can be yours. Learn how a company got a $69,600 business loan from this Georgia bank. This loan to a local firm is a good example of an SBA loan. The Privatebank made the loan and the SBA guaranteed a portion of the loan. Many other Georgia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PUBLIC RELATIONS SERVICES SBA Loan Lender THE PRIVATEBANK This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8743 - Public Relations Services NAICS Code 541380 - Testing Laboratories Loan Approval Date 6/20/2002 Loan Approval Gross Amount $69,600 Loan Approval from the SBA Of the total $69,600 loan amount, the SBA guaranteed $59,160. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Privatebank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: How Much Venture Capital Is There? Small Bank Loans in Atlanta, Georgia
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