Citronelle, Alabama Business Gets SBA-Guaranteed Funding from Regions Bank
Regions 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.
This business knew how to go about getting a business bank loan. Based in Citronelle, Alabama, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Regions Bank, based in Robertsdale, Alabama.
SBA Loan Borrower
COMPANY TYPE: PLASTICS PRODUCTS
CITRONELLE, AL 36522
SBA Loan Lender
22070 HWY 59
ROBERTSDALE, AL 36567
This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a thorough understanding of SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
3089 - Plastics Products
326199 - Plastics Product Manufacturing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $650,000 loan amount, the SBA guaranteed $487,500.
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 26 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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.
How Equity Dilution Works
Find an SBA Lender in Robertsdale, Alabama
SBA Lenders in Alabama