Commercial Loans for General Merchandise Stores

Looking for commercial loans for general merchandise stores? Try the SBA. This $360,500 general merchandise stores loan was issued by an Alabama bank.

Getting a small business loan in Auburn, Alabama was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Peoples Bank - No. Alabama, operating out of Cullman, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
AUBURN, AL 36830

SBA Loan Lender

PEOPLES BANK - NO. ALABAMA
811 SECOND AVE SW
CULLMAN, AL 35055

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

12/17/2003

Loan Approval Gross Amount

$360,500

Loan Approval from the SBA

Of the total $360,500 loan amount, the SBA guaranteed $270,375.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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 Peoples Bank - No. Alabama 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.

Related Links:

Advice on Getting a Small Business Loan

Good Banks for Small Business in Cullman, Alabama

Alabama SBA Banks