Where to Get Capital for Industrial Supplies Wholesalers

With these small business loans for industrial supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This industrial supplies wholesalers loan for $1,750,000 was given to a Georgia entrepreneur in 2000.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Rbc Centura Bank, out of Atlanta, Georgia. The loan was granted and they received $1,750,000 to help grow their Woodstock, Georgia business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES
WOODSTOCK, GA 30188

SBA Loan Lender

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

This business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5085 - Industrial Supplies

NAICS Code

421840 - Industrial Supplies Wholesalers

Loan Approval Date

11/28/2000

Loan Approval Gross Amount

$1,750,000

Loan Approval from the SBA

Of the total $1,750,000 loan amount, the SBA guaranteed $735,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,750,000 loan. Remember, where there is a will, there is a way!

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:

Understanding Dilution

Where to Get an SBA Loan in Atlanta, Georgia

SBA Georgia Lenders