Entrepreneur Works With Prattville, Alabama Bank to Get an SBA Loan

Want to talk with a Prattville, Alabama bank about a small business loan? Here's one Alabama business loan, issued by a Prattville bank, that was approved by the SBA.

Applying for an SBA loan with Colonial Bank worked out well for our friends at one local firm in Montgomery, Alabama. The business was able to get an SBA loan for $420,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
MONTGOMERY, AL 36117

SBA Loan Lender

COLONIAL BANK
1798 HWY 14 EAST
PRATTVILLE, AL 36066

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8711 - Engineering Services

NAICS Code

541330 - Engineering Services

Loan Approval Date

2/21/2003

Loan Approval Gross Amount

$420,000

Loan Approval from the SBA

Of the total $420,000 loan amount, the SBA guaranteed $315,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 26 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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