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May 5, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Brunswick, Business Loans > Atlantic Southern Bank Brunswick Business Loans > Physicians Loan | ||||
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SBA Lenders Georgia
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Brunswick, Georgia Bank Gives SBA Loan to Physicians CompanyGet business loans from a Brunswick, Georgia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Atlantic Southern Bank is a Brunswick, Georgia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Georgia company. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender ATLANTIC SOUTHERN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 6/1/2006 Loan Approval Gross Amount $1,034,264 Loan Approval from the SBA Of the total $1,034,264 loan amount, the SBA guaranteed $775,698. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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. Related Links: SBA Approved Banks in Brunswick, Georgia Getting an SBA Loan in Georgia
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