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December 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Birmingham, Business Loans > Servisfirst Bank Birmingham Business Loans > Physical, Occupational And Speech Therapists, And Audiologists Loan | ||||
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SBA Lender Birmingham, Alabama
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Birmingham, Alabama Lender Lends Money to Physical, Occupational And Speech Therapists, And Audiologists CompanyWant to talk with a Birmingham, Alabama bank about an SBA loan? Here's one Alabama business loan, issued by a Birmingham bank, that was approved by the SBA. Applying for an SBA loan with Servisfirst Bank worked out well for our friends at one local business in Montgomery, Alabama. They got an SBA loan for $640,000. Great job! SBA Loan Borrower COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS SBA Loan Lender SERVISFIRST BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621340 - Physical, Occupational and Speech Therapists, and Audiologists Loan Approval Date 12/8/2005 Loan Approval Gross Amount $640,000 Loan Approval from the SBA Of the total $640,000 loan amount, the SBA guaranteed $480,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Servisfirst Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Servisfirst 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: Role of Business Plan When Raising Money Good Banks for Small Business in Birmingham, Alabama Getting a Business Loan in Alabama
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