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December 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Huntsville, Business Loans > Redstone Fcu Huntsville Business Loans > Full-Service Restaurants Loan | ||||
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Small Business Banks for Madison, Alabama Small Businesses
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Company Gets an Alabama SBA LoanLooking to get an Alabama SBA loan? This Alabama entrepreneur got an SBA loan, provided by an Alabama bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Madison, Alabama by studying this loan to a local business, made back in 2006. Banks like Redstone Fcu may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender REDSTONE FCU The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/3/2006 Loan Approval Gross Amount $142,000 Loan Approval from the SBA Of the total $142,000 loan amount, the SBA guaranteed $120,700. 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 only one employee. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 9 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $142,000. How would you spend $142,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks for Small Business in Huntsville, Alabama
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