Loan Census Banking News and Information
November 15, 2024  
 
 
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Atlanta Bank Loan

 

 
Loan Census SBA Loan Info

Atlanta, Georgia Bank Lends Money to Drinking Places Company in Pasadena, Texas

Thinking about meeting with an Atlanta, Georgia bank about a small business loan? Here's one Texas business loan, issued by an Atlanta bank, that was approved by the SBA.

Applying for an SBA loan with Regions Bank worked out well for our friends at one local company in Pasadena, Texas. They got an SBA loan for $190,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
Pasadena, TX 77536

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

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

722410 - Drinking Places

Loan Approval Date

8/18/2005

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

SBIR Funding

Good Banks for Small Business in Atlanta, Georgia

SBA Participating Banks in Georgia