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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Russellville, Business Loans > Citizens Bank & Savings Co Russellville Business Loans > Sawmill And Woodworking Machinery Manufacturing Loan | ||||
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SBA Lender Alabama
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Russellville, Alabama Business Gets SBA-Guaranteed Funding from Citizens Bank & Savings CoAn SBA loan from Citizens Bank & Savings Co typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Russellville, Alabama business owner got a $200,000 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens Bank & Savings Co, out of Russellville, Alabama. The loan was granted and they received $200,000 to help grow their Russellville, Alabama business. SBA Loan Borrower COMPANY TYPE: SAWMILL AND WOODWORKING MACHINERY MANUFACTURING SBA Loan Lender CITIZENS BANK & SAVINGS CO SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333210 - Sawmill and Woodworking Machinery Manufacturing Loan Approval Date 12/21/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 16 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $200,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in Russellville, Alabama Getting a Business Loan in Alabama
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