Alabama SBA Loan Issued to Beauty Shops Company

Bank loans in Alabama are hard to find these days. We take a look at one Alabama bank loan, provided by an Alabama bank, that was approved by the SBA.

Getting a small business loan in Sumiton, Alabama was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Jasper. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
SUMITON, AL 35148

SBA Loan Lender

FIRST NATIONAL BANK OF JASPER
200 WEST 18TH ST
JASPER, AL 35501

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

7231 - Beauty Shops

Loan Approval Date

7/19/2000

Loan Approval Gross Amount

$33,850

Loan Approval from the SBA

Of the total $33,850 loan amount, the SBA guaranteed $27,080.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank Of Jasper are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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