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November 15, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Cullman, Business Loans > Peoples Bank - No. Alabama Cullman Business Loans > Independent Artists, Writers, And Performers Loan | ||||
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SBA 7A Banks for Cullman, Alabama Business Owners
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Firm Gets an Alabama SBA LoanWould an Alabama small business loan help your small business to grow and prosper? If so, you may want to talk with this Alabama bank, which offers SBA loans to Alabama entrepreneurs. By giving the right information to Peoples Bank - No. Alabama, this Cullman, Alabama business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: INDEPENDENT ARTISTS, WRITERS, AND PERFORMERS SBA Loan Lender PEOPLES BANK - NO. ALABAMA This commercial loan 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 711510 - Independent Artists, Writers, and Performers Loan Approval Date 1/24/2006 Loan Approval Gross Amount $278,455 Loan Approval from the SBA Of the total $278,455 loan amount, the SBA guaranteed $208,841. 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 2 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $278,455 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Cullman, Alabama
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