Loan Census Banking News and Information
April 18, 2024  
 
 
  Business Loan Information  
 

Washington, District of Columbia SBA Lenders

 

 
Loan Census SBA Loan Info

Washington, District of Columbia Bank Lends Money to Used Car Dealers Company in Atlanta, Georgia

Get business loans from a Washington, District of Columbia bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Loans From Old Closed Lenders is a Washington, District of Columbia 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: USED CAR DEALERS
ATLANTA, GA 30341

SBA Loan Lender

LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441120 - Used Car Dealers

Loan Approval Date

7/31/2001

Loan Approval Gross Amount

$1,288,000

Loan Approval from the SBA

Of the total $1,288,000 loan amount, the SBA guaranteed $966,000.

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 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Family and Friend Investors - Your First Financiers

Banks in Washington, District of Columbia

SBA District of Columbia Banks