 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Alabama Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Travel Arrangement And Reservation Services Loan | ||||
 |
||||
Innovative Bank
|
||||
 |
Business Loan from Innovative Bank Given to Travel Arrangement And Reservation Services CompanyInnovative Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Alabama entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Mobile, Alabama, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Innovative Bank, based in Oakland, California. SBA Loan Borrower COMPANY TYPE: TRAVEL ARRANGEMENT AND RESERVATION SERVICES SBA Loan Lender INNOVATIVE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561599 - Travel Arrangement and Reservation Services Loan Approval Date 9/8/2005 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $4,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Innovative 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: Dealing With Venture Capitalists SBA Participating Banks in Oakland, California
|
|
||
|
||||
|
|
||||