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November 15, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Universal City, Business Loans > Randolph-Brooks Fcu Universal City Business Loans > General Long-Distance Freight Trucking Loan | ||||
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SBA Lenders for Level Plains, Alabama Entrepreneurs
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General Long-Distance Freight Trucking Commercial LoansLooking for commercial loans for general long-distance freight trucking? Talk to a banker who works with the SBA. This $50,000 general long-distance freight trucking loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Level Plains, Alabama was able to borrow $50,000 from Randolph-Brooks Fcu. The SBA made the loan possible by guaranteeing $42,500 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender RANDOLPH-BROOKS FCU 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 loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 10/16/2007 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Universal City, Texas
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