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April 25, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Direct Selling Establishments Loan | ||||
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Examples of Alabaster SBA Loans
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Direct Selling Establishments SBA LoansWith these SBA loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $114,600 was given to an Alabama entrepreneur in 2000. This small business knew how to go about getting a business bank loan. Based in Alabaster, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of The West, based in San Francisco, California. SBA Loan Borrower COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 12/20/2000 Loan Approval Gross Amount $114,600 Loan Approval from the SBA Of the total $114,600 loan amount, the SBA guaranteed $85,950. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? 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. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: The Friends and Family Network Small Business Banks in San Francisco, California
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