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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Huntsville, Business Loans > Redstone Fcu Huntsville Business Loans > Book Stores Loan | ||||
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Redstone Fcu Small Business
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Business Loan from Redstone Fcu Given to Book Stores CompanyRedstone Fcu 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 Decatur, Alabama was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Redstone Fcu, operating out of Huntsville, Alabama. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender REDSTONE FCU This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 451211 - Book Stores Loan Approval Date 7/5/2005 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $36,000. 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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 7A Banks for Huntsville, Alabama Loans
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