Florence, Alabama Bank Lends Money to Furniture Stores Company in Florence, Alabama

Want to talk with a Florence, Alabama bank about a small business loan? Here's one Alabama business loan, issued by a Florence bank, that was approved by the SBA.

Applying for an SBA loan with First Southern Bank worked out well for our friends at one local business in Florence, Alabama. The business was able to get an SBA loan for $250,000. Great job!

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
FLORENCE, AL 35633

SBA Loan Lender

FIRST SOUTHERN BANK
102 S COURT ST
FLORENCE, AL 35630

This SBA small business 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

5712 - Furniture Stores

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Florence AL, you ought to talk with a local Florence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Florence businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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