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March 29, 2024  
 
 
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SBA Lender Birmingham, Alabama

 

 
Loan Census SBA Loan Info

Birmingham, Alabama Lender Lends Money to Physical, Occupational And Speech Therapists, And Audiologists Company

Want to talk with a Birmingham, Alabama bank about an SBA loan? Here's one Alabama business loan, issued by a Birmingham bank, that was approved by the SBA.

Applying for an SBA loan with Servisfirst Bank worked out well for our friends at one local business in Montgomery, Alabama. They got an SBA loan for $640,000. Great job!

SBA Loan Borrower

COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
MONTGOMERY, AL 36116

SBA Loan Lender

SERVISFIRST BANK
3300 CAHABA RD, STE 300
BIRMINGHAM, AL 35223

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621340 - Physical, Occupational and Speech Therapists, and Audiologists

Loan Approval Date

12/8/2005

Loan Approval Gross Amount

$640,000

Loan Approval from the SBA

Of the total $640,000 loan amount, the SBA guaranteed $480,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 25 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Servisfirst Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Servisfirst 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.

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