Getting an SBA Loan for Durable Goods Merchant Wholesalers

Looking for commercial loans for durable goods merchant wholesalers? Talk to a banker who works with the SBA. This $65,000 durable goods merchant wholesalers loan was issued by an Alabama bank.

Getting a small business loan in Huntsville, Alabama was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First American Bank, operating out of Athens, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS
HUNTSVILLE, AL 35801

SBA Loan Lender

FIRST AMERICAN BANK
309 W WASHINGTON ST
ATHENS, AL 35611

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423990 - Durable Goods Merchant Wholesalers

Loan Approval Date

6/18/2004

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Bank Credit Lines

SBA Banks in Athens, Alabama

Getting a Business Loan in Alabama