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March 28, 2024  
 
 
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Business Loans for Cowarts Small Business Owners

 

 
Loan Census SBA Loan Info

Bank Loans for Wood Kitchen Cabinet and Countertop Manufacturing

Looking for bank loans for wood kitchen cabinet and countertop manufacturing? Talk to a banker who works with the SBA. This $600,000 wood kitchen cabinet and countertop manufacturing loan was issued by an Alabama bank.

This company knew how to go about getting a business bank loan. Based in Cowarts, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Sunsouth Bank, based in Dothan, Alabama.

SBA Loan Borrower

COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
COWARTS, AL 36221

SBA Loan Lender

SUNSOUTH BANK
108 JAMESTOWN BLVD
DOTHAN, AL 36301

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337110 - Wood Kitchen Cabinet and Countertop Manufacturing

Loan Approval Date

8/3/2006

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sunsouth Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Equity Financing

Best Banks in Dothan, Alabama

SBA Participating Banks in Alabama