Direct Selling Establishments SBA Loans

With these SBA loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $114,600 was given to an Alabama entrepreneur in 2000.

This small business knew how to go about getting a business bank loan. Based in Alabaster, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of The West, based in San Francisco, California.

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
ALABASTER, AL 35007

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

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

454390 - Direct Selling Establishments

Loan Approval Date

12/20/2000

Loan Approval Gross Amount

$114,600

Loan Approval from the SBA

Of the total $114,600 loan amount, the SBA guaranteed $85,950.

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. The loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Small Business Banks in San Francisco, California

California SBA Bank Lenders