Entrepreneur Works With Atlanta, Georgia Bank to Get an SBA Loan

Want to talk 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 Sunrise Bank Of Atlanta worked out well for our friends at one local firm in Suwanee, Georgia. The business was able to get an SBA loan for $337,100. Sweet!

SBA Loan Borrower

COMPANY TYPE: CLAIMS ADJUSTING
SUWANEE, GA 30024

SBA Loan Lender

SUNRISE BANK OF ATLANTA
600 W PEACHTREE ST NW, STE 30
ATLANTA, GA 30308

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524291 - Claims Adjusting

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$337,100

Loan Approval from the SBA

Of the total $337,100 loan amount, the SBA guaranteed $252,825.

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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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SBA Approved Banks in Atlanta, Georgia

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