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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Car Washes Loan | ||||
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Montgomery SBA Loans
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Alabama Bank Loan Issued to Car Washes CompanyLooking to get an Alabama small business loan? This Alabama entrepreneur got a small business loan, provided by a Florida bank that works with the SBA to help small business owners. Getting a small business loan in Montgomery, Alabama was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BUSINESS LOAN CENTER, LLC This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/11/2007 Loan Approval Gross Amount $19,000 Loan Approval from the SBA Of the total $19,000 loan amount, the SBA guaranteed $16,150. 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 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 4 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Business Loan Center, LLC that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Banks in Panama City Beach, Florida
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