Reform, Alabama Bank Gives SBA Loan to Motor Vehicle Dealers Company
Get business loans from a Reform, Alabama bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
West Alabama Bank & Trust is a Reform, Alabama small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Alabama company.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE DEALERS
FAYETTE, AL 35555
SBA Loan Lender
WEST ALABAMA BANK & TRUST
509 1ST AVE WEST
REFORM, AL 35481
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
5511 - Motor Vehicle Dealers
NAICS Code
441110 - New Car Dealers
Loan Approval Date
12/8/2000
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $93,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 22 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like West Alabama Bank & Trust and they will explain how you can get an SBA loan for your company.
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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Getting an SBA Loan in Alabama