Loan Census Banking News and Information
March 4, 2021  
 
 
  Business Loan Information  
 

Pelham, Alabama Bank Loan

 

 
Loan Census SBA Loan Info

Environmental Consulting Services Commercial Loans

Looking for commercial loans for environmental consulting services? An SBA loan may be just what you've been looking for. This $300,000 environmental consulting services loan was issued by an Alabama bank.

This business knew how to go about getting a business bank loan. Based in Pelham, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Red Mountain Bank, based in Birmingham, Alabama.

SBA Loan Borrower

COMPANY TYPE: ENVIRONMENTAL CONSULTING SERVICES
PELHAM, AL 35124

SBA Loan Lender

RED MOUNTAIN BANK
5 INVERNESS CENTER PKWY
BIRMINGHAM, AL 35242

This bank loan 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

541620 - Environmental Consulting Services

Loan Approval Date

1/20/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

SBIR Funding

Banks in Birmingham, Alabama

Where to Get an SBA Loan Alabama