Business Loan from Rbc Centura Bank Given to Grocery Stores Company

An SBA loan from Rbc Centura Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Reynolds, Georgia business owner got a $150,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Reynolds, Georgia, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Rbc Centura Bank, based in Atlanta, Georgia.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
REYNOLDS, GA 31076

SBA Loan Lender

RBC CENTURA BANK
3475 PIEDMONT RD NE, STE 550
ATLANTA, GA 30305

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Reynolds GA, you ought to talk with a local Reynolds SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reynolds businesses.

We can help you find the best banks for small businesses in Reynolds or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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