Bank Loans for Insurance Agencies and Brokerages

Looking for bank loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $147,200 insurance agencies and brokerages loan was issued by an Alabama bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Redstone Fcu, out of Huntsville, Alabama. The loan was granted and they received $147,200 to help grow their Huntsville, Alabama business.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
HUNTSVILLE, AL 35805

SBA Loan Lender

REDSTONE FCU
220 WYNN DR
HUNTSVILLE, AL 35893

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

8/1/2007

Loan Approval Gross Amount

$147,200

Loan Approval from the SBA

Of the total $147,200 loan amount, the SBA guaranteed $73,600.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Redstone Fcu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Realistic Debt Financing Options

Where to Get an SBA Loan in Huntsville, Alabama

Getting an SBA Loan in Alabama