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November 14, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Retail Bakeries Loan | ||||
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California Bank SBA Loans
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Community W. Bank SBA Loan to Retail Bakeries CompanySearching for an Alabama business loan? Here's one Alabama business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orange Beach, Alabama was able to borrow $176,400 from Community W. Bank. The SBA made the loan possible by guaranteeing $132,300 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender COMMUNITY W. BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries Loan Approval Date 4/6/2000 Loan Approval Gross Amount $176,400 Loan Approval from the SBA Of the total $176,400 loan amount, the SBA guaranteed $132,300. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs. Next Steps for Getting an SBA Loan 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. We can help you find the best banks for small businesses in Orange Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 7A Banks for Goleta, California Loans
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