 |
 |
April 16, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Alabama Business Loan Sources > Cullman, Business Loans > Peoples Bank - No. Alabama Cullman Business Loans > Electrical Equipment And Component Manufacturing Loan | ||||
 |
||||
Peoples Bank - No. Alabama Small Business Arab
|
||||
 |
Peoples Bank - No. Alabama SBA Loan to Electrical Equipment And Component Manufacturing CompanyPeoples Bank - No. Alabama 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 Arab, Alabama, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Peoples Bank - No. Alabama, based in Cullman, Alabama. SBA Loan Borrower COMPANY TYPE: ELECTRICAL EQUIPMENT AND COMPONENT MANUFACTURING SBA Loan Lender PEOPLES BANK - NO. ALABAMA This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335999 - Electrical Equipment and Component Manufacturing Loan Approval Date 9/30/2004 Loan Approval Gross Amount $1,365,000 Loan Approval from the SBA Of the total $1,365,000 loan amount, the SBA guaranteed $1,023,750. 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 61 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Arab or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Cullman, Alabama
|
|
||
|
||||
|
|
||||