Entrepreneur Works With Atlanta, Georgia Bank to Get an SBA Loan
Thinking about meeting with an Atlanta, Georgia bank about an SBA loan? Here's one Georgia business loan, issued by an Atlanta bank, that was approved by the SBA.
Applying for an SBA loan with Suntrust Bank worked out well for our friends at one local firm in Savannah, Georgia. The business was able to get an SBA loan for $950,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: MARINAS
SAVANNAH, GA 31410
SBA Loan Lender
SUNTRUST BANK
25 PARK PLACE NE
ATLANTA, GA 30303
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
713930 - Marinas
Loan Approval Date
5/30/2002
Loan Approval Gross Amount
$950,000
Loan Approval from the SBA
Of the total $950,000 loan amount, the SBA guaranteed $712,500.
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 2 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Direct Public Offerings
Good Banks for Small Business in Atlanta, Georgia
Georgia SBA Bank Lenders