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April 18, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Millbrook, Business Loans > First Commun Bank - Cent. Alabam Millbrook Business Loans > Public Golf Courses Loan | ||||
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Millbrook, Alabama Bank for SBA Loans
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Millbrook, Alabama Bank Lends Money to Public Golf Courses Company in Millbrook, AlabamaThinking about meeting with a Millbrook, Alabama bank about a business loan? Here's one Alabama business loan, issued by a Millbrook bank, that was approved by the SBA. Applying for an SBA loan with First Commun Bank - Cent. Alabam worked out well for our friends at one local company in Millbrook, Alabama. The business was able to get an SBA loan for $1,477,000. Awesome! SBA Loan Borrower COMPANY TYPE: PUBLIC GOLF COURSES SBA Loan Lender FIRST COMMUN BANK - CENT. ALABAM The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 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. SIC Code 7992 - Public Golf Courses NAICS Code 713910 - Golf Courses and Country Clubs Loan Approval Date 5/6/2002 Loan Approval Gross Amount $1,477,000 Loan Approval from the SBA Of the total $1,477,000 loan amount, the SBA guaranteed $999,929. 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 22 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,477,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Participating Banks in Millbrook, Alabama
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