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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > United Americas Bank Atlanta Business Loans > Packaged Frozen Food Merchant Wholesalers Loan | ||||
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Atlanta Bank Loan
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Atlanta, Georgia Lender Lends Money to Packaged Frozen Food Merchant Wholesalers CompanyWant to talk with an Atlanta, Georgia bank about a business loan? Here's one Georgia business loan, issued by an Atlanta bank, that was approved by the SBA. Applying for an SBA loan with United Americas Bank worked out well for our friends at one local firm in Peachtree City, Georgia. The business was able to get an SBA loan for $100,000. Great job! SBA Loan Borrower COMPANY TYPE: PACKAGED FROZEN FOOD MERCHANT WHOLESALERS SBA Loan Lender UNITED AMERICAS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 424420 - Packaged Frozen Food Merchant Wholesalers Loan Approval Date 4/24/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Approved Banks in Atlanta, Georgia Getting an SBA Loan in Georgia
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