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March 28, 2024  
 
 
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Loan Census SBA Loan Info

Montgomery, Alabama Bank Gives SBA Loan to Machine Tools, Metal Cutting Types Company

Get to know Montgomery, Alabama banks that specialize in business loans and know how to work with entrepreneurs. Aliant Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Montgomery, Alabama starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Aliant Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOLS, METAL CUTTING TYPES
MONTGOMERY, AL 36104

SBA Loan Lender

ALIANT BANK
2740 ZELDA RD
MONTGOMERY, AL 36106

This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3541 - Machine Tools, Metal Cutting Types

NAICS Code

333512 - Machine Tool Manufacturing

Loan Approval Date

4/26/2001

Loan Approval Gross Amount

$289,900

Loan Approval from the SBA

Of the total $289,900 loan amount, the SBA guaranteed $217,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Aliant Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Aliant Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Dealing With Venture Capitalists

Who Lends Money to Small Businesses in Montgomery, Alabama

Where to Get an SBA Loan Alabama