Brantley, Alabama Bank Lends Money to Auto And Home Supply Stores Company in Andalusia, Alabama

Thinking about meeting with a Brantley, Alabama bank about a business loan? Here's one Alabama business loan, issued by a Brantley bank, that was approved by the SBA.

Applying for an SBA loan with Brantley Bank & Trust Company worked out well for our friends at one local business in Andalusia, Alabama. They received an SBA loan for $400,000. Nice!

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
ANDALUSIA, AL 36420

SBA Loan Lender

BRANTLEY BANK & TRUST COMPANY
9402 N MAIN ST
BRANTLEY, AL 36009

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

Loan Approval Date

3/13/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 7 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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SBA 7A Banks in Brantley, Alabama

SBA Participating Banks in Alabama