Borrowing Money for Investigation Services

With these bank loans for investigation services, the SBA guarantees the lender that the loan will be repaid. This investigation services loan for $150,000 was given to an Alabama entrepreneur in 2002.

Getting a small business loan in Billingsly, Alabama was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Troy Bank & Trust, operating out of Troy, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: DETECTIVE, GUARD, AND ARMORED CAR SERVICES
BILLINGSLY, AL 36006

SBA Loan Lender

TROY BANK & TRUST
1000 US HWY 231 SOUTH
TROY, AL 36081

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7381 - Detective, Guard, and Armored Car Services

NAICS Code

561611 - Investigation Services

Loan Approval Date

12/23/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Billingsly AL, you ought to talk with a local Billingsly SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Billingsly businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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