SBA Loan from 1st National Bank - Talladega Helps Heavy Construction Company

1st National Bank - Talladega has a track record as a leading provider of SBA loans. Find out how this Alabama entrepreneur received an SBA loan from them.

Getting a small business loan in Talladega, Alabama was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Talladega, operating out of Talladega, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION
TALLADEGA, AL 35160

SBA Loan Lender

1ST NATIONAL BANK - TALLADEGA
120 E NORTH ST
TALLADEGA, AL 35160

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1629 - Heavy Construction

NAICS Code

234990 - Heavy Construction

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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SBA 7A Lenders in Talladega, Alabama

Alabama SBA 7A Lenders