Firm Gets a Georgia Bank Loan
Would a Georgia small business loan help your small business to grow and prosper? If so, you may want to talk with this Georgia bank, which offers SBA loans to Georgia entrepreneurs.
By giving the right information to United Community Bank, this Rome, Georgia business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: AUTO AND HOME SUPPLY STORES
ROME, GA 30147
SBA Loan Lender
UNITED COMMUNITY BANK
307 E 2ND AVE
ROME, GA 30161
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5531 - Auto and Home Supply Stores
Loan Approval Date
8/2/2000
Loan Approval Gross Amount
$117,000
Loan Approval from the SBA
Of the total $117,000 loan amount, the SBA guaranteed $87,750.
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 5 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Rome GA, you ought to talk with a local Rome SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rome businesses.
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:
Alternative Financing
SBA 7A Banks in Rome, Georgia
Where to Get an SBA Loan Georgia