Business Loan from Redstone Fcu Given to Janitorial Services Company

An SBA loan from Redstone Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Huntsville, Alabama business owner got a $50,000 loan.

This business 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 $50,000 to help grow their Huntsville, Alabama business.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
HUNTSVILLE, AL 35803

SBA Loan Lender

REDSTONE FCU
220 WYNN DR
HUNTSVILLE, AL 35893

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

10/11/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 SBA loan application for the borrower indicated that the loan would help generate 50 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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