Loans for Specialized Local Freight Trucking
Looking for loans for specialized local freight trucking? Talk to a banker who works with the SBA. This $150,000 specialized local freight trucking loan was issued by a Virginia bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Falkville, Alabama was able to borrow $150,000 from Capital One. The SBA made the loan possible by guaranteeing $127,500 of this Alabama small business loan.
SBA Loan Borrower
COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
FALKVILLE, AL 35622
SBA Loan Lender
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
4212 - Local Trucking Without Storage
484220 - Specialized Local Freight Trucking
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 28 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital One and they will explain how you can get an SBA loan for your company.
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.
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