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November 15, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Cullman, Business Loans > Wachovia Bank Cullman Business Loans > Amusement And Recreation Services Loan | ||||
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Alabama Bank SBA Loans
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Wachovia Bank SBA Loan to Amusement And Recreation Services CompanyLooking to get an Alabama small business loan? Here's one Alabama business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cullman, Alabama was able to borrow $34,000 from Wachovia Bank. The SBA made the loan possible by guaranteeing $27,200 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES SBA Loan Lender WACHOVIA BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services Loan Approval Date 9/13/2000 Loan Approval Gross Amount $34,000 Loan Approval from the SBA Of the total $34,000 loan amount, the SBA guaranteed $27,200. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the small 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! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Wachovia Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Business Banks in Cullman, Alabama Getting an SBA Loan in Alabama
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