United Community Bank SBA Loan to Periodical Publishers Company

An SBA loan from United Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Stone Mountain, Georgia business owner got a $126,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with United Community Bank, out of Marietta, Georgia. The loan was granted and they received $126,000 to help grow their Stone Mountain, Georgia business.

SBA Loan Borrower

COMPANY TYPE: PERIODICAL PUBLISHERS
STONE MOUNTAIN, GA 30083

SBA Loan Lender

UNITED COMMUNITY BANK
200 CHEROKEE ST
MARIETTA, GA 30060

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511120 - Periodical Publishers

Loan Approval Date

10/18/2001

Loan Approval Gross Amount

$126,000

Loan Approval from the SBA

Of the total $126,000 loan amount, the SBA guaranteed $107,100.

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 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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