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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Excavation Work Loan | ||||
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Sylacauga Small Business Loans from Bank Of The West
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Sylacauga, Alabama Business Gets SBA-Guaranteed Funding from Bank Of The WestBank Of The West has a track record as a leading provider of SBA loans. Find out how this Alabama entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Sylacauga, Alabama, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Bank Of The West, based in San Francisco, California. SBA Loan Borrower COMPANY TYPE: EXCAVATION WORK SBA Loan Lender BANK OF THE WEST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1794 - Excavation Work NAICS Code 235930 - Excavation Contractors Loan Approval Date 8/1/2000 Loan Approval Gross Amount $603,500 Loan Approval from the SBA Of the total $603,500 loan amount, the SBA guaranteed $440,917. 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 12 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 12 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of The West had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of The West made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: The Friends and Family Network Who Lends Money to Small Businesses in San Francisco, California
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