Raising Money for Nitrogenous Fertilizer Manufacturing

Looking for bank loans for nitrogenous fertilizer manufacturing? An SBA loan may be just what you've been looking for. This $110,000 nitrogenous fertilizer manufacturing loan was issued by an Alabama bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with West Alabama Bank & Trust, out of Reform, Alabama. The loan was granted and they received $110,000 to help grow their Sulligent, Alabama business.

SBA Loan Borrower

COMPANY TYPE: NITROGENOUS FERTILIZERS
SULLIGENT, AL 35586

SBA Loan Lender

WEST ALABAMA BANK & TRUST
509 1ST AVE WEST
REFORM, AL 35481

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2873 - Nitrogenous Fertilizers

NAICS Code

325311 - Nitrogenous Fertilizer Manufacturing

Loan Approval Date

10/3/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Sulligent AL, you ought to talk with a local Sulligent SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sulligent businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Good Banks for Small Business in Reform, Alabama

Alabama SBA 7A Banks