Firm Gets an Alabama Small Business Loan

Small business loans in Alabama are are few and far betweeen these days. We take a look at one Alabama small business loan, provided by an Alabama bank, that was approved by the SBA.

You can learn something about getting a small business loan in Bay Minette, Alabama by studying this loan to a local company, made back in 2007. Banks like United Bank may also be willing to lend to you, given that they granted this 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

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the 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

$38,800

Loan Approval from the SBA

Of the total $38,800 loan amount, the SBA guaranteed $32,980.

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 3 employees. The SBA loan documents 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 loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Direct Public Offerings

Who Lends Money to Small Businesses in Atmore, Alabama

SBA Participating Banks in Alabama