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December 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Norcross, Business Loans > Fidelity Bank Norcross Business Loans > Schools And Instruction Loan | ||||
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Fidelity Bank
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Homewood, Alabama Business Gets SBA-Guaranteed Funding from Fidelity BankFidelity Bank has a track record as a leading provider of SBA loans. Find out how this Alabama entrepreneur received an SBA loan from them. Getting a small business loan in Homewood, Alabama was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Fidelity Bank, operating out of Norcross, Georgia. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: SCHOOLS AND INSTRUCTION SBA Loan Lender FIDELITY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611699 - Schools and Instruction Loan Approval Date 7/11/2007 Loan Approval Gross Amount $807,000 Loan Approval from the SBA Of the total $807,000 loan amount, the SBA guaranteed $605,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in 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 retain 3 existing jobs. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Homewood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: The Friends and Family Network Good Banks for Small Business in Norcross, Georgia
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