Charter Bus Industry Small Business Loans

Looking for small business loans for charter bus industry? An SBA loan may be just what you've been looking for. This $60,000 charter bus industry loan was issued by an Alabama bank.

This company knew how to go about getting a business bank loan. Based in Tuscaloosa, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Wachovia Bank, based in Tuscaloosa, Alabama.

SBA Loan Borrower

COMPANY TYPE: LOCAL BUS CHARTER SERVICE
TUSCALOOSA, AL 35404

SBA Loan Lender

WACHOVIA BANK
1427 GREENSBORO AVE
TUSCALOOSA, AL 35403

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4141 - Local Bus Charter Service

NAICS Code

485510 - Charter Bus Industry

Loan Approval Date

5/1/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Bank and they will explain how you can get an SBA loan for your company.

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:

Getting a Small Business Loan

Best Tuscaloosa, Alabama Banks for Small Business

Find an SBA Lender in Alabama