Redstone Fcu Provides SBA Loan to Buy Wood Re New Franchise

Borrowing money to buy a Wood Re New franchise? Redstone Fcu has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Wood Re New franchise? If so, here's a 2007 SBA franchise loan that you should know about. Redstone Fcu was the lender and the entrepreneur was based in Harvest, Alabama.

SBA Loan Borrower

M&L ENTERPRISES, LLC
HARVEST, AL 35749

SBA Loan Lender

REDSTONE FCU
220 WYNN DR
HUNTSVILLE, AL 35893

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

321114 - Wood Preservation

Loan Approval Date

3/9/2007

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $38,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wood Re New franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Wood Re New

The Friends and Family Network

SBA Approved Banks in Huntsville, Alabama

SBA Lenders in Alabama