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December 18, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Birmingham, Business Loans > Wachovia Bank Birmingham Business Loans > Automobile And Motor Vehicle Wholesalers Loan | ||||
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Get an SBA 7A Loan in Hoover, Alabama
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Wachovia Bank Gives Business Loan to Automobile And Motor Vehicle Wholesalers CompanyAlabamaSmall business loans are available to Alabama small business owners through the SBA. In this case, an Alabama bank provides the loan. Getting a small business loan in Hoover, Alabama was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Bank. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOBILE AND MOTOR VEHICLE WHOLESALERS SBA Loan Lender WACHOVIA BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421110 - Automobile and Motor Vehicle Wholesalers Loan Approval Date 11/7/2000 Loan Approval Gross Amount $241,500 Loan Approval from the SBA Of the total $241,500 loan amount, the SBA guaranteed $181,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 From a Venture Capitalist Who Lends Money to Small Businesses in Birmingham, Alabama
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