SBA Loan from Community Bank & Tr - S.E. Alaba Helps Liquefied Petroleum Gas Dealers Company

Community Bank & Tr - S.E. Alaba and the SBA work together to get business loans for growing small businesses. Here's an example of how an Alabama entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chancellor, Alabama was able to borrow $253,900 from Community Bank & Tr - S.E. Alaba. The SBA made the loan possible by guaranteeing $190,425 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: LIQUEFIED PETROLEUM GAS DEALERS
CHANCELLOR, AL 36316

SBA Loan Lender

COMMUNITY BANK & TR - S.E. ALABA
901 N BOLL WEEVIL CIR
ENTERPRISE, AL 33630

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5984 - Liquefied Petroleum Gas Dealers

NAICS Code

454312 - Liquefied Petroleum Gas Dealers

Loan Approval Date

2/18/2004

Loan Approval Gross Amount

$253,900

Loan Approval from the SBA

Of the total $253,900 loan amount, the SBA guaranteed $190,425.

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 12 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Best Banks in Enterprise, Alabama

Alabama SBA 7A Lenders