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April 25, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Mobile, Business Loans > Banktrust Mobile Business Loans > Commercial And Institutional Building Construction Loan | ||||
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SBA 7A Banks for Eight Mile, Alabama Small Business Owners
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Borrowing Money for Commercial and Institutional Building ConstructionWith these small business loans for commercial and institutional building construction, the SBA guarantees the lender that the loan will be repaid. This commercial and institutional building construction loan for $77,000 was given to an Alabama entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eight Mile, Alabama was able to borrow $77,000 from Banktrust. The SBA made the loan possible by guaranteeing $65,450 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender BANKTRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business 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. NAICS Code 236220 - Commercial and Institutional Building Construction Loan Approval Date 3/20/2006 Loan Approval Gross Amount $77,000 Loan Approval from the SBA Of the total $77,000 loan amount, the SBA guaranteed $65,450. 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 22 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source We can help you find the best banks for small businesses in Eight Mile 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:
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