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December 24, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Slocomb, Business Loans > Slocomb National Bank Slocomb Business Loans > Hardware Stores Loan | ||||
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SBA 7A Banks in Alabama
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Where to Get Capital for Hardware StoresWith these small business loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $45,000 was given to an Alabama entrepreneur in 2000. This small firm knew how to go about getting a business bank loan. Based in Cowarts, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Slocomb National Bank, based in Slocomb, Alabama. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender SLOCOMB NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 1/13/2000 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $33,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $45,000. How would you spend $45,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Determining Proper Capital Structure for a Business
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