Local Business Gets an Alabama SBA Loan

Would an Alabama business loan help your company expand? If so, you may want to talk with this Alabama bank, which offers SBA loans to Alabama entrepreneurs.

Getting a small business loan in Childersburg, Alabama was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Alabama Tr Bank. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
CHILDERSBURG, AL 35044

SBA Loan Lender

ALABAMA TR BANK
101 W FT. WILLIAMS ST
SYLACAUGA, AL 35150

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able 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

621210 - Dentists

Loan Approval Date

8/18/2004

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

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. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Childersburg AL, you ought to talk with a local Childersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Childersburg businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $320,000 loan. Remember, anyone can do it... so why not you?

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:

Obtaining Funding - Getting Venture Capital

SBA Banks in Sylacauga, Alabama

Alabama SBA Banks