Robertsdale, Alabama Business Gets SBA-Guaranteed Funding from United Bank

An SBA loan from United Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Robertsdale, Alabama business owner got a $186,700 loan.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with United Bank, out of Atmore, Alabama. The loan was granted and they received $186,700 to help grow their Robertsdale, Alabama business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
ROBERTSDALE, AL 36567

SBA Loan Lender

UNITED BANK
200 E NASHVILLE AVE
ATMORE, AL 36502

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/29/2005

Loan Approval Gross Amount

$186,700

Loan Approval from the SBA

Of the total $186,700 loan amount, the SBA guaranteed $93,350.

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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Bank Credit Lines

Find an SBA Lender in Atmore, Alabama

Getting an SBA Loan in Alabama