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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 Bank Of The South Rainsville Business Loans > Pharmacies And Drug Stores Loan | ||||
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Who Can Get a Business Loan in Henagar, Alabama?
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Pharmacies and Drug Stores Small Business LoansWith these small business loans for pharmacies and drug stores, the SBA guarantees the lender that the loan will be repaid. This pharmacies and drug stores loan for $490,000 was given to an Alabama entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Henagar, Alabama was able to borrow $490,000 from First Bank Of The South. The SBA made the loan possible by guaranteeing $367,500 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES SBA Loan Lender FIRST BANK OF THE SOUTH This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446110 - Pharmacies and Drug Stores Loan Approval Date 10/30/2006 Loan Approval Gross Amount $490,000 Loan Approval from the SBA Of the total $490,000 loan amount, the SBA guaranteed $367,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. We can help you find the best banks for small businesses in Henagar or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Advice on Getting a Small Business Loan Who Lends Money to Small Businesses in Rainsville, Alabama
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