Motor Vehicle Towing Small Business Loans

With these small business loans for motor vehicle towing, the SBA guarantees the lender that the loan will be repaid. This motor vehicle towing loan for $807,700 was given to an Alabama entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gadsden, Alabama was able to borrow $807,700 from Crescent Bank & Trust. The SBA made the loan possible by guaranteeing $605,775 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
GADSDEN, AL 35901

SBA Loan Lender

CRESCENT BANK & TRUST
7 CARING WAY
JASPER, GA 30143

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

12/20/2007

Loan Approval Gross Amount

$807,700

Loan Approval from the SBA

Of the total $807,700 loan amount, the SBA guaranteed $605,775.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Gadsden AL, you ought to talk with a local Gadsden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gadsden businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Crescent Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Direct Public Offerings

Best Banks for Small Business in Jasper, Georgia

Georgia SBA Bank Lenders