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November 21, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Birmingham, Business Loans > Red Mountain Bank Birmingham Business Loans > Caterers Loan | ||||
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What Does It Take to Get a Business Loan in Homewood, Alabama?
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Commercial Loans for CaterersLooking for commercial loans for caterers? The SBA may be the answer. This $120,000 caterers loan was issued by an Alabama bank. Getting a small business loan in Homewood, Alabama was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Red Mountain Bank, operating out of Birmingham, Alabama. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender RED MOUNTAIN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 6/14/2006 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - How to Decide How Much to Raise Where to Get an SBA Loan in Birmingham, Alabama Getting an SBA Loan in Alabama
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