Borrow Money to Buy an Altracolor Franchise

Borrowing money to purchase an Altracolor franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA.

Altracolor franchise loans are available to Muscle Shoals, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Suntrust Bank, based in Muscle Shoals, Alabama, issued an SBA franchise loan for an Altracolor franchise in 2001. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

ALTRACOLOR
MUSCLE SHOALS, AL 35661

SBA Loan Lender

SUNTRUST BANK
1411 WOODWARD AVE
MUSCLE SHOALS, AL 35661

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7532 - Top and Body Repair and Paint Shops

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

7/26/2001

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Altracolor franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

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.

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