Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Best Banks for Montgomery Entrepreneurs

 

 
Loan Census SBA Loan Info

SBA Loans for Advertising Agencies

Looking for SBA loans for advertising agencies? An SBA loan may be just what you've been looking for. This $30,000 advertising agencies loan was issued by an Alabama bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Aliant Bank, out of Montgomery, Alabama. The loan was granted and they received $30,000 to help grow their Montgomery, Alabama business.

SBA Loan Borrower

COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES
MONTGOMERY, AL 36107

SBA Loan Lender

ALIANT BANK
2740 ZELDA RD
MONTGOMERY, AL 36106

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

4/2/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $30,000. How would you spend $30,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Loan

Who Lends Money to Small Businesses in Montgomery, Alabama

Where to Get an SBA Loan Alabama