Bank Loans for Inland Water Freight Transportation

Looking for bank loans for inland water freight transportation? An SBA loan may be just what you've been looking for. This $150,000 inland water freight transportation loan was issued by an Alabama bank.

This company knew how to go about getting a business bank loan. Based in Mobile, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Bank, based in Atmore, Alabama.

SBA Loan Borrower

COMPANY TYPE: INLAND WATER FREIGHT TRANSPORTATION
MOBILE, AL 36652

SBA Loan Lender

UNITED BANK
200 E NASHVILLE AVE
ATMORE, AL 36502

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

483211 - Inland Water Freight Transportation

Loan Approval Date

10/2/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 7 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from United 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:

Equity Financing

Find an SBA Lender in Atmore, Alabama

Getting an SBA Loan in Alabama