Business Loan from Renasant Bank Given to Converted Paper And Paperboard Products, N.E.C Company

Renasant Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Alabama entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ardmore, Alabama was able to borrow $150,000 from Renasant Bank. The SBA made the loan possible by guaranteeing $127,500 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVERTED PAPER AND PAPERBOARD PRODUCTS, N.E.C
ARDMORE, AL 38449

SBA Loan Lender

RENASANT BANK
211 LEE ST NE
DECATUR, AL 35602

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2679 - Converted Paper and Paperboard Products, N.E.C

NAICS Code

322221 - Coated and Laminated Packaging Paper Manufacturing

Loan Approval Date

5/11/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 40 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Renasant Bank 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.

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SBA Approved Banks in Decatur, Alabama

SBA Lenders in Alabama