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April 16, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Atmore, Business Loans > United Bank Atmore Business Loans > Optometrists Loan | ||||
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How to Get SBA Loans in Foley, Alabama
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Getting an SBA Loan for OptometristsLooking for business loans for optometrists? The SBA may be the answer. This $70,000 optometrists loan was issued by an Alabama bank. This business knew how to go about getting a business bank loan. Based in Foley, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Bank, based in Atmore, Alabama. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender UNITED BANK This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621320 - Optometrists Loan Approval Date 11/29/2006 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find other ways to get money to start a business, 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: Obtaining Funding From a Venture Capitalist Small Bank Loans in Atmore, Alabama
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