Citizens Trust Bank SBA Loan to Funeral Homes And Funeral Services Company
An SBA loan from Citizens Trust Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Phenix City, Alabama business owner got a $300,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phenix City, Alabama was able to borrow $300,000 from Citizens Trust Bank. The SBA made the loan possible by guaranteeing $225,000 of this Alabama small business loan.
SBA Loan Borrower
COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
PHENIX CITY, AL 36867
SBA Loan Lender
CITIZENS TRUST BANK
75 PIEDMONT AVE NE
ATLANTA, GA 30303
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
812210 - Funeral Homes and Funeral Services
Loan Approval Date
Loan Approval Gross Amount
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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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