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April 23, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Tuscaloosa, Business Loans > The Bank Of Tuscaloosa Tuscaloosa Business Loans > Gift, Novelty, And Souvenir Shops Loan | ||||
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Raising Money in Tuscaloosa, Alabama With SBA Loans
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Alabama Business Loan Issued to Gift, Novelty, And Souvenir Shops CompanySBA loans in Alabama are are few and far betweeen these days. We take a look at one Alabama SBA loan, provided by an Alabama bank, that was approved by the SBA. This business, based in Tuscaloosa, Alabama, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from The Bank Of Tuscaloosa. We've got the inside scoop on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS SBA Loan Lender THE BANK OF TUSCALOOSA 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 5947 - Gift, Novelty, and Souvenir Shops NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 3/2/2000 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $56,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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. Related Links: Raising VC Money for Social Networking Companies Small Bank Loans in Tuscaloosa, Alabama Where to Get an SBA Loan Alabama
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