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December 20, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Dentists Loan | ||||
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Compass Bank
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Business Loan from Compass Bank Given to Dentists CompanyAn SBA loan from Compass Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clayton, North Carolina business owner got a $735,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clayton, North Carolina was able to borrow $735,000 from Compass Bank. The SBA made the loan possible by guaranteeing $551,250 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender COMPASS BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 2/1/2008 Loan Approval Gross Amount $735,000 Loan Approval from the SBA Of the total $735,000 loan amount, the SBA guaranteed $551,250. 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 indicated that the loan would help generate 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $735,000. How would you spend $735,000 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Birmingham, Alabama Getting a Business Loan in Alabama
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