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May 5, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Atlanta, Business Loans > Suntrust Bank Atlanta Business Loans > Iron Foundries Loan | ||||
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SBA Lender Atlanta
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Atlanta, Georgia Bank Lends Money to Iron Foundries Company in Forest, VirginiaThinking about meeting with an Atlanta, Georgia bank about an SBA loan? Here's one Virginia business loan, issued by an Atlanta bank, that was approved by the SBA. Applying for an SBA loan with Suntrust Bank worked out well for our friends at one local firm in Forest, Virginia. The business was able to get an SBA loan for $90,000. Great job! SBA Loan Borrower COMPANY TYPE: IRON FOUNDRIES SBA Loan Lender SUNTRUST BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 331511 - Iron Foundries Loan Approval Date 3/10/2004 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $45,000. 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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Suntrust Bank and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Atlanta, Georgia
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