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November 15, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Birmingham, Business Loans > First Commercial Bank Birmingham Business Loans > Diet And Weight Reducing Centers Loan | ||||
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SBA Lender Homewood Alabama
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First Commercial Bank Gives SBA Loan to Diet And Weight Reducing Centers CompanyAlabamaBank loans are available to Alabama firms through the SBA. In this case, an Alabama bank provides the loan. Getting a small business loan in Homewood, Alabama was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Commercial Bank. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: DIET AND WEIGHT REDUCING CENTERS SBA Loan Lender FIRST COMMERCIAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812191 - Diet and Weight Reducing Centers Loan Approval Date 6/4/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 8 employees. This SBA loan request indicated that the funding would help create 8 new jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Commercial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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