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April 28, 2024  
 
 
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Raising Money in Atlanta, Georgia With SBA Loans

 

 
Loan Census SBA Loan Info

Atlanta, Georgia Entrepreneur Gets a Business Loan

Looking to get a Georgia bank loan? This Georgia entrepreneur got a bank loan, provided by a Tennessee bank that works with the SBA to help small business owners.

Getting a small business loan in Atlanta, Georgia was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Cornerstone Community Bank. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: FUR AND LEATHER APPAREL MANUFACTURING
ATLANTA, GA 30324

SBA Loan Lender

CORNERSTONE COMMUNITY BANK
6401 LEE HWY, STE B
CHATTANOOGA, TN 37421

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

315292 - Fur and Leather Apparel Manufacturing

Loan Approval Date

8/6/2007

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

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.

This SBA loan was for $80,000. How would you spend $80,000 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.

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