Business Loan from The Bank Of Tuscaloosa Given to Book Stores Company

An SBA loan from The Bank Of Tuscaloosa typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Demopolis, Alabama business owner got a $50,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with The Bank Of Tuscaloosa, out of Tuscaloosa, Alabama. The loan was granted and they received $50,000 to help grow their Demopolis, Alabama business.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
DEMOPOLIS, AL 36732

SBA Loan Lender

THE BANK OF TUSCALOOSA
2209 9TH ST, STE 300
TUSCALOOSA, AL 35401

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

5942 - Book Stores

NAICS Code

451211 - Book Stores

Loan Approval Date

5/18/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 4 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Of Tuscaloosa 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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Tuscaloosa, Alabama Loans

Getting a Business Loan in Alabama