Loan Census Banking News and Information
April 20, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Alabaster, Alabama and We Got One!

 

 
Loan Census SBA Loan Info

Loans for Real Estate Appraisers

With these loans for real estate appraisers, the SBA guarantees the lender that the loan will be repaid. This real estate appraisers loan for $25,000 was given to an Alabama entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alabaster, Alabama was able to borrow $25,000 from Compass Bank. The SBA made the loan possible by guaranteeing $12,500 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE APPRAISERS
ALABASTER, AL 35007

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

531320 - Real Estate Appraisers

Loan Approval Date

11/30/2006

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

VC Firms on Twitter

Small Bank Loans in Birmingham, Alabama

SBA Alabama Banks