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May 1, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Atlanta, Business Loans > Regions Bank Atlanta Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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Georgia Bank SBA Loans
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SBA Loan from Regions Bank Helps Commercial And Industrial Machinery And Equipment CompanyRegions Bank has a track record as a leading provider of SBA loans. Find out how this Louisiana entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Chalmette, Louisiana, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Regions Bank, based in Atlanta, Georgia. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender REGIONS BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 1/29/2001 Loan Approval Gross Amount $63,800 Loan Approval from the SBA Of the total $63,800 loan amount, the SBA guaranteed $54,230. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, 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. This SBA loan was for $63,800. How would you spend $63,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Participating Banks in Atlanta, Georgia
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