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May 12, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > United Commercial Bank Atlanta Business Loans > Convenience Stores Loan | ||||
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Small Business Loans from United Commercial Bank
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United Commercial Bank SBA Loan to Convenience Stores CompanyAn SBA loan from United Commercial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Smyrna, Georgia business owner got a $356,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with United Commercial Bank, out of Atlanta, Georgia. The loan was granted and they received $356,000 to help grow their Smyrna, Georgia business. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender UNITED COMMERCIAL 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 445120 - Convenience Stores Loan Approval Date 6/30/2005 Loan Approval Gross Amount $356,000 Loan Approval from the SBA Of the total $356,000 loan amount, the SBA guaranteed $267,000. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Commercial Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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:
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