Peoplesouth Bank Gives Small Business Loan to Bowling Centers Company

Would an Alabama business loan help your company expand? If so, you may want to talk with this Alabama bank, which offers SBA loans to Alabama entrepreneurs.

Getting a small business loan in Eufaula, Alabama was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Peoplesouth Bank. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
EUFAULA, AL 36027

SBA Loan Lender

PEOPLESOUTH BANK
514 KIRKLAND
ABBEVILLE, AL 36310

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7933 - Bowling Centers

NAICS Code

713950 - Bowling Centers

Loan Approval Date

2/26/2002

Loan Approval Gross Amount

$849,600

Loan Approval from the SBA

Of the total $849,600 loan amount, the SBA guaranteed $637,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 34 employees. This SBA loan request did not indicate that the company promised to use the money to hire new 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoplesouth Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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