Entrepreneur Works With Birmingham, Alabama Bank to Get an SBA Loan

Thinking about meeting with a Birmingham, Alabama bank about a business loan? Here's one Missouri business loan, issued by a Birmingham bank, that was approved by the SBA.

Applying for an SBA loan with Regions Bank worked out well for our friends at one local business in St Louis, Missouri. They got an SBA loan for $39,100. Awesome!

SBA Loan Borrower

COMPANY TYPE: FURNITURE MERCHANT WHOLESALERS
St Louis, MO 63105

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

423210 - Furniture Merchant Wholesalers

Loan Approval Date

7/7/2006

Loan Approval Gross Amount

$39,100

Loan Approval from the SBA

Of the total $39,100 loan amount, the SBA guaranteed $19,550.

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 loan application indicated that the loan would help generate 1 new job and retain 8 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Business Incubators

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Find an SBA Lender in Alabama