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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Atlanta Business Bank Atlanta Business Loans > Dentists Loan | ||||
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We Needed a Commercial Loan in Dunwoody, Georgia and We Got One!
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Bank Loans for DentistsLooking for bank loans for dentists? Talk to a banker who works with the SBA. This $430,000 dentists loan was issued by a Georgia bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Atlanta Business Bank, out of Atlanta, Georgia. The loan was granted and they received $430,000 to help grow their Dunwoody, Georgia business. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender ATLANTA BUSINESS BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 7/26/2004 Loan Approval Gross Amount $430,000 Loan Approval from the SBA Of the total $430,000 loan amount, the SBA guaranteed $322,500. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $430,000. How would you spend $430,000 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. Related Links: SBA 7A Banks for Atlanta, Georgia Loans
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