Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

We Needed a Commercial Loan in Chelsea, Alabama and We Got One!

 

 
Loan Census SBA Loan Info

Bank Loans for Services for the Elderly and Persons with Disabilities

Looking for bank loans for services for the elderly and persons with disabilities? Talk to a banker who works with the SBA. This $25,000 services for the elderly and persons with disabilities loan was issued by a Florida bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Business Loan Center, LLC, out of Panama City Beach, Florida. The loan was granted and they received $25,000 to help grow their Chelsea, Alabama business.

SBA Loan Borrower

COMPANY TYPE: SERVICES FOR THE ELDERLY AND PERSONS WITH DISABILITIES
Chelsea, AL 35043

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
415 BECKRICH RD., STE 250
PANAMA CITY BEACH, FL 32407

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help create 1 new job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Chelsea AL, you ought to talk with a local Chelsea SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chelsea businesses.

We can help you find the best banks for small businesses in Chelsea or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Art of Bootstrapping

SBA 7A Banks in Panama City Beach, Florida

Browse All Business Loan Sources for Florida