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December 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Rainsville, Business Loans > First Southern State Bank Rainsville Business Loans > Wired Telecommunications Carriers Loan | ||||
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First Southern State Bank Small Business Ft. Payne, Alabama
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SBA Loan from First Southern State Bank Helps Wired Telecommunications Carriers CompanyAn SBA loan from First Southern State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ft. Payne, Alabama business owner got a $351,800 loan. This growing company knew how to go about getting a business bank loan. Based in Ft. Payne, Alabama, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Southern State Bank, based in Rainsville, Alabama. SBA Loan Borrower COMPANY TYPE: WIRED TELECOMMUNICATIONS CARRIERS SBA Loan Lender FIRST SOUTHERN STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 517110 - Wired Telecommunications Carriers Loan Approval Date 7/16/2004 Loan Approval Gross Amount $351,800 Loan Approval from the SBA Of the total $351,800 loan amount, the SBA guaranteed $263,850. 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 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Southern State 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. Related Links: Small Bank Loans in Rainsville, Alabama
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