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May 7, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > United Commercial Bank Atlanta Business Loans > Taco Bell At Lenox Mall Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Atlanta, Georgia
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Atlanta, GA Entrepreneur Gets SBA Loan to Buy Taco Bell FranchiseNeed money to buy a Taco Bell franchise? United Commercial Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Atlanta, Georgia needed money to invest in a Taco Bell franchise back in 2006. United Commercial Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower TACO BELL AT LENOX MALL SBA Loan Lender UNITED COMMERCIAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/10/2006 Loan Approval Gross Amount $201,500 Loan Approval from the SBA Of the total $201,500 loan amount, the SBA guaranteed $151,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Taco Bell franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $201,500 loan. Remember, where there is a will, there is a way! 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: Realistic Debt Financing Options Where to Get an SBA Loan in Atlanta, Georgia Getting an SBA Loan in Georgia
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