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December 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Eva, Business Loans > Evabank Eva Business Loans > Drapery, Curtain, And Upholstery Stores Loan | ||||
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Eva, Alabama SBA 7A Banks
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Eva, Alabama Bank Gives SBA Loan to Drapery, Curtain, And Upholstery Stores CompanyWant to talk with an Eva, Alabama bank about an SBA loan? Here's one Alabama business loan, issued by an Eva bank, that was approved by the SBA. Applying for an SBA loan with Evabank worked out well for our friends at one local company in Cullman, Alabama. They received an SBA loan for $100,000. Great job! SBA Loan Borrower COMPANY TYPE: DRAPERY, CURTAIN, AND UPHOLSTERY STORES SBA Loan Lender EVABANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5714 - Drapery, Curtain, and Upholstery Stores NAICS Code 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 12/15/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 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. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $100,000. How would you spend $100,000 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:
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