Local Business Gets an Alabama Bank Loan

Searching for an Alabama business loan? This Alabama entrepreneur got a business loan, provided by an Alabama bank that works with the SBA to help small business owners.

Getting a small business loan in Anniston, Alabama was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Capitalsouth Bank. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY MANUFACTURING
ANNISTON, AL 36202

SBA Loan Lender

CAPITALSOUTH BANK
2340 WOODCREST PL, STE 200
BIRMINGHAM, AL 35209

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333298 - Industrial Machinery Manufacturing

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$287,200

Loan Approval from the SBA

Of the total $287,200 loan amount, the SBA guaranteed $215,400.

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 43 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 Capitalsouth 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.

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