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April 27, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Atlanta Business Bank Atlanta Business Loans > Physicians Loan | ||||
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Atlanta Business Bank
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Atlanta Business Bank SBA Loan to Physicians CompanyAn SBA loan from Atlanta Business Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cumming, Georgia business owner got a $329,000 loan. This business knew how to go about getting a business bank loan. Based in Cumming, Georgia, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Atlanta Business Bank, based in Atlanta, Georgia. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender ATLANTA BUSINESS 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 621111 - Physicians Loan Approval Date 4/13/2005 Loan Approval Gross Amount $329,000 Loan Approval from the SBA Of the total $329,000 loan amount, the SBA guaranteed $246,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Atlanta Business Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: The Friends and Family Network SBA 7A Banks in Atlanta, Georgia
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