Columbiana, Alabama Business Gets SBA-Guaranteed Funding from M & F Bank

An SBA loan from M & F Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Columbiana, Alabama business owner got a $1,837,500 loan.

This small firm knew how to go about getting a business bank loan. Based in Columbiana, Alabama, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was M & F Bank, based in Columbiana, Alabama.

SBA Loan Borrower

COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS
COLUMBIANA, AL 35051

SBA Loan Lender

M & F BANK
106 E COLLEGE ST
COLUMBIANA, AL 35051

This loan for a small business 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

713910 - Golf Courses and Country Clubs

Loan Approval Date

11/23/2004

Loan Approval Gross Amount

$1,837,500

Loan Approval from the SBA

Of the total $1,837,500 loan amount, the SBA guaranteed $999,600.

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 9 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M & F Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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