Get an SBA Loan for Airport Operations

With these small business loans for airport operations, the SBA guarantees the lender that the loan will be repaid. This airport operations loan for $255,300 was given to an Alabama entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bay Minette, Alabama was able to borrow $255,300 from United Bank. The SBA made the loan possible by guaranteeing $191,475 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: AIRPORT OPERATIONS
BAY MINETTE, AL 36507

SBA Loan Lender

UNITED BANK
200 E NASHVILLE AVE
ATMORE, AL 36502

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488119 - Airport Operations

Loan Approval Date

10/30/2007

Loan Approval Gross Amount

$255,300

Loan Approval from the SBA

Of the total $255,300 loan amount, the SBA guaranteed $191,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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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