Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Banks in Atlanta, Georgia That Make SBA Loans

 

 
Loan Census SBA Loan Info

Atlanta, Georgia Lender Lends Money to Plumbing, Heating, And Air-Conditioning Company

An Atlanta, Georgia business loan can be yours. Learn how a business got a $100,000 business loan from this Georgia bank.

This loan to a local firm is a good example of an SBA loan. Regions Bank made the loan and the SBA guaranteed a portion of the loan. Many other Alabama entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
ATHENS, AL 35611

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

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

1711 - Plumbing, Heating, and Air-Conditioning

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

6/7/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Athens AL, you ought to talk with a local Athens SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Athens businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

Business Line of Credit

SBA 7A Banks for Atlanta, Georgia Loans

SBA Georgia Lenders