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April 23, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Altoona, Business Loans > The Exchange Bank Of Alabama Altoona Business Loans > Drafting Services Loan | ||||
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Rainbow City, Alabama Bank Loan
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Commercial Loans for Drafting ServicesLooking for commercial loans for drafting services? The SBA may be the answer. This $300,000 drafting services loan was issued by an Alabama bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rainbow City, Alabama was able to borrow $300,000 from The Exchange Bank Of Alabama. The SBA made the loan possible by guaranteeing $150,000 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: DRAFTING SERVICES SBA Loan Lender THE EXCHANGE BANK OF ALABAMA The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541340 - Drafting Services Loan Approval Date 4/26/2005 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $150,000. 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 4 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Altoona, Alabama
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