Birmingham, Alabama Bank Lends Money to Office Equipment Merchant Wholesalers Company in St Augustine, Florida

A Birmingham, Alabama small business loan can be yours. Learn how a business got a $150,000 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 Florida 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: OFFICE EQUIPMENT MERCHANT WHOLESALERS
ST AUGUSTINE, FL 32086

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423420 - Office Equipment Merchant Wholesalers

Loan Approval Date

12/21/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 13 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in St Augustine FL, you ought to talk with a local St Augustine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St Augustine businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

SBIR Funding

Small Bank Loans in Birmingham, Alabama

Alabama SBA Bank Lenders