Service Establishment Equipment and Supplies Wholesalers Commercial Loans

Looking for commercial loans for service establishment equipment and supplies wholesalers? Try the SBA. This $250,000 service establishment equipment and supplies wholesalers loan was issued by an Alabama bank.

This business knew how to go about getting a business bank loan. Based in Pelham, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Renasant Bank, based in Birmingham, Alabama.

SBA Loan Borrower

COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES
PELHAM, AL 35147

SBA Loan Lender

RENASANT BANK
301 N 20TH ST
BIRMINGHAM, AL 35203

At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5087 - Service Establishment Equipment and Supplies

NAICS Code

421850 - Service Establishment Equipment and Supplies Wholesalers

Loan Approval Date

3/16/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

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Who Lends Money to Small Businesses in Birmingham, Alabama

Getting an SBA Loan in Alabama