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April 25, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Cullman, Business Loans > Peoples Bank - No. Alabama Cullman Business Loans > Sawmills Loan | ||||
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How to Get SBA Loans in Blountsville, Alabama
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Where to Get Capital for SawmillsLooking for SBA loans for sawmills? The SBA may be the answer. This $149,500 sawmills loan was issued by an Alabama bank. Getting a small business loan in Blountsville, Alabama was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Peoples Bank - No. Alabama, operating out of Cullman, Alabama. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender PEOPLES BANK - NO. ALABAMA This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 9/28/2005 Loan Approval Gross Amount $149,500 Loan Approval from the SBA Of the total $149,500 loan amount, the SBA guaranteed $112,125. 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 6 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Cullman, Alabama Browse All Business Loan Sources for Alabama
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