Services Related to Advertising Loans

Looking for loans for services related to advertising? Try the SBA. This $276,300 services related to advertising loan was issued by an Alabama bank.

Getting a small business loan in Montgomery, Alabama was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Tuskegee Bank, operating out of Tuskegee, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS
MONTGOMERY, AL 36105

SBA Loan Lender

FIRST TUSKEGEE BANK
301 N ELM ST
TUSKEGEE, AL 36083

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5199 - Nondurable Goods

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

1/16/2002

Loan Approval Gross Amount

$276,300

Loan Approval from the SBA

Of the total $276,300 loan amount, the SBA guaranteed $207,225.

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. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Tuskegee Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Tuskegee Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

A Company That Helps Entrepreneurs

SBA 7A Banks in Tuskegee, Alabama

SBA Alabama Lenders