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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Tuscumbia, Business Loans > First Metro Bank Tuscumbia Business Loans > Apparel And Accessory Stores Loan | ||||
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First Metro Bank
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Business Loan from First Metro Bank Given to Apparel And Accessory Stores CompanyFirst Metro Bank has a track record as a leading provider of SBA loans. Find out how this Alabama entrepreneur received an SBA loan from them. Getting a small business loan in Cherokee, Alabama was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Metro Bank, operating out of Tuscumbia, Alabama. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: APPAREL AND ACCESSORY STORES SBA Loan Lender FIRST METRO BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5699 - Apparel and Accessory Stores Loan Approval Date 1/19/2000 Loan Approval Gross Amount $139,800 Loan Approval from the SBA Of the total $139,800 loan amount, the SBA guaranteed $104,850. 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 2 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Metro Bank and they will explain how you can get an SBA loan for your company. 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 7A Banks in Tuscumbia, Alabama
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