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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Sunrise Bank Of Atlanta Atlanta Business Loans > Wheat Farming Loan | ||||
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We Needed an SBA 7A Loan in College Park, Georgia and We Got One!
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Get an SBA Loan for Wheat FarmingLooking for small business loans for wheat farming? Try the SBA. This $595,000 wheat farming loan was issued by a Georgia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in College Park, Georgia was able to borrow $595,000 from Sunrise Bank Of Atlanta. The SBA made the loan possible by guaranteeing $446,250 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: WHEAT FARMING SBA Loan Lender SUNRISE BANK OF ATLANTA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 111140 - Wheat Farming Loan Approval Date 1/31/2005 Loan Approval Gross Amount $595,000 Loan Approval from the SBA Of the total $595,000 loan amount, the SBA guaranteed $446,250. 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 8 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Best Banks for Small Business in Atlanta, Georgia Where to Get an SBA Loan Georgia
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