 |
 |
December 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Montgomery, Business Loans > Regions Bank Montgomery Business Loans > General Merchandise Stores Loan | ||||
 |
||||
Alabama SBA Lenders
|
||||
 |
Montgomery, Alabama Bank Gives SBA Loan to General Merchandise Stores CompanyA Montgomery, Alabama SBA loan can be yours. Learn how a business got a $89,000 business loan from this Alabama bank. This loan to an entrepreneur is a good example of an SBA loan. Regions Bank made the loan and the SBA guaranteed a portion of the loan. Many other Tennessee entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: GENERAL MERCHANDISE STORES SBA Loan Lender REGIONS BANK 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. NAICS Code 452990 - General Merchandise Stores Loan Approval Date 5/6/2004 Loan Approval Gross Amount $89,000 Loan Approval from the SBA Of the total $89,000 loan amount, the SBA guaranteed $75,650. 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 5 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $89,000. How would you spend $89,000 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: Banking Deregulation's Effects on Entrepreneurship Best Montgomery, Alabama Banks for Small Business
|
|
||
|
||||
|
|
||||