Birmingham, Alabama Bank Gives SBA Loan to Baked Goods Stores Company

Find Birmingham, Alabama banks that specialize in SBA loans and know how to work with entrepreneurs. Compass Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Phoenix, Arizona starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Compass Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BAKED GOODS STORES
PHOENIX, AZ 85028

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

6/28/2001

Loan Approval Gross Amount

$727,000

Loan Approval from the SBA

Of the total $727,000 loan amount, the SBA guaranteed $545,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 100 employees. This SBA loan request indicated that the loan would help generate 90 new jobs and retain 100 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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Choosing VC Firms

Small Bank Loans in Birmingham, Alabama

Alabama SBA 7A Banks