Dora, Alabama Lender Lends Money to Ornamental Floriculture Nursery Products Company

Thinking about meeting with a Dora, Alabama bank about a business loan? Here's one Alabama business loan, issued by a Dora bank, that was approved by the SBA.

Applying for an SBA loan with First National Bank Of Jasper worked out well for our friends at one local company in Dora, Alabama. They received an SBA loan for $45,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL FLORICULTURE NURSERY PRODUCTS
DORA, AL 35062

SBA Loan Lender

FIRST NATIONAL BANK OF JASPER
2123 HWY 78
DORA, AL 35062

This bank 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.

SIC Code

0181 - Ornamental Floriculture Nursery Products

NAICS Code

111421 - Nursery and Tree Production

Loan Approval Date

2/18/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 4 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank Of Jasper had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank Of Jasper made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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