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November 23, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Pell City, Business Loans > Metro Bank Pell City Business Loans > Petroleum Bulk Stations And Terminals Loan | ||||
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Best Banks for Small Business Owners in Alabama
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Metro Bank Gives Bank Loan to Petroleum Bulk Stations And Terminals CompanyAlabamaBusiness loans are available to Alabama business owners through the SBA. In this case, an Alabama bank provides the loan. This business, based in Talladega, Alabama, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Metro Bank. We've got the inside scoop on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS SBA Loan Lender METRO BANK This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5171 - Petroleum Bulk Stations and Terminals NAICS Code 422710 - Petroleum Bulk Stations and Terminals Loan Approval Date 12/6/2000 Loan Approval Gross Amount $1,700,000 Loan Approval from the SBA Of the total $1,700,000 loan amount, the SBA guaranteed $748,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 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. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,700,000 loan. Remember, things become real when you believe you can achieve them! 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: Best Pell City, Alabama Banks for Small Business
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