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December 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Montgomery, Business Loans > Regions Bank Montgomery Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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Alabama Bank SBA Loans
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Montgomery, Alabama Bank Lends Money to Hobby, Toy, And Game Stores Company in Murfreesboro, TennesseeWant to talk with a Montgomery, Alabama bank about a business loan? Here's one Tennessee business loan, issued by a Montgomery bank, that was approved by the SBA. Applying for an SBA loan with Regions Bank worked out well for our friends at one local company in Murfreesboro, Tennessee. The business was able to get an SBA loan for $35,000. Sweet! SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender REGIONS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 6/4/2004 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Participating Banks in Montgomery, Alabama SBA Participating Banks in Alabama
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