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March 29, 2024  
 
 
  Business Loan Information  
 

Raising Money in Bay Minette, Alabama With SBA Loans

 

 
Loan Census SBA Loan Info

Business Loans for Flooring Contractors

With these business loans for flooring contractors, the SBA guarantees the lender that the loan will be repaid. This flooring contractors loan for $250,000 was given to an Alabama entrepreneur in 2004.

Getting a small business loan in Bay Minette, Alabama was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from United Bank, operating out of Atmore, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOORING CONTRACTORS
BAY MINETTE, AL 36507

SBA Loan Lender

UNITED BANK
200 E NASHVILLE AVE
ATMORE, AL 36502

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

238330 - Flooring Contractors

Loan Approval Date

8/31/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from United 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.

Related Links:

Raising Venture Capital

Banks in Atmore, Alabama

SBA Alabama Banks