Huntsville, AL Entrepreneur Gets SBA Loan to Buy Signs Now Franchise

Need money to purchase a Signs Now franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Signs Now franchise? If so, here's a 2003 SBA franchise loan that you should know about. First American Bank was the lender and the entrepreneur was based in Huntsville, Alabama.

SBA Loan Borrower

SIGNS NOW #048
HUNTSVILLE, AL 35801

SBA Loan Lender

FIRST AMERICAN BANK
100 CHURCH ST
HUNTSVILLE, AL 35801

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7319 - Advertising

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

3/17/2003

Loan Approval Gross Amount

$157,353

Loan Approval from the SBA

Of the total $157,353 loan amount, the SBA guaranteed $118,015.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Signs Now franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient 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 smart, affordable business financing for small businesses looking to expand.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First American Bank 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:

Signs Now Corporation

Direct Public Offerings

Where to Get an SBA Loan in Huntsville, Alabama

SBA Alabama Lenders