 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Georgia Business Loan Sources > Birmingham, Business Loans > Wachovia Bank Birmingham Business Loans > Physicians Loan | ||||
 |
||||
Birmingham Bank Loan
|
||||
 |
Birmingham, Alabama Lender Lends Money to Physicians CompanyWant to talk with a Birmingham, Alabama bank about an SBA loan? Here's one Georgia business loan, issued by a Birmingham bank, that was approved by the SBA. Applying for an SBA loan with Wachovia Bank worked out well for our friends at one local firm in Griffin, Georgia. The business was able to get an SBA loan for $50,000. Way to go! SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender WACHOVIA BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 621111 - Physicians Loan Approval Date 8/31/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia 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: Best Banks for Small Business in Birmingham, Alabama
|
|
||
|
||||
|
|
||||