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April 20, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Mobile, Business Loans > Colonial Bank Mobile Business Loans > Signs And Advertising Specialties Loan | ||||
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Alabama Bank SBA Loans
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Colonial Bank SBA Loan to Signs And Advertising Specialties CompanySearching for an Alabama small business loan? Here's one Alabama business loan that was approved by the SBA. This growing firm needed an SBA business loan in Theodore, Alabama back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Colonial Bank, operating out of Mobile, Alabama. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES SBA Loan Lender COLONIAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3993 - Signs and Advertising Specialties Loan Approval Date 3/14/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Mobile, Alabama
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