Headland, Alabama Bank Gives SBA Loan to Water Well Drilling Contractors Company

Thinking about meeting with a Headland, Alabama bank about an SBA loan? Here's one Alabama business loan, issued by a Headland bank, that was approved by the SBA.

Applying for an SBA loan with The Headland National Bank worked out well for our friends at one local business in Headland, Alabama. They received an SBA loan for $2,000,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING CONTRACTORS
HEADLAND, AL 36345

SBA Loan Lender

THE HEADLAND NATIONAL BANK
40 MAIN ST
HEADLAND, AL 36345

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235810 - Water Well Drilling Contractors

Loan Approval Date

4/6/2006

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 72 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $2,000,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Equity Financing

SBA Approved Banks in Headland, Alabama

Alabama SBA 7A Banks