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April 29, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > New Orleans, Business Loans > Gulf Coast Bank & Trust New Orleans Business Loans > Basic Organic Chemical Manufacturing Loan | ||||
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SBA Lenders in Atlanta
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Atlanta, Georgia Business Gets SBA-Guaranteed Funding from Gulf Coast Bank & TrustAn SBA loan from Gulf Coast Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Atlanta, Georgia business owner got a $477,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atlanta, Georgia was able to borrow $477,000 from Gulf Coast Bank & Trust. The SBA made the loan possible by guaranteeing $357,750 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: BASIC ORGANIC CHEMICAL MANUFACTURING SBA Loan Lender GULF COAST BANK & TRUST This lender provides SBA small 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 325199 - Basic Organic Chemical Manufacturing Loan Approval Date 7/14/2003 Loan Approval Gross Amount $477,000 Loan Approval from the SBA Of the total $477,000 loan amount, the SBA guaranteed $357,750. 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 27 employees. The SBA loan application for the borrower indicated that the loan would help retain 27 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Gulf Coast Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Best Banks in New Orleans, Louisiana
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