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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Fresh Fruits And Vegetables Loan | ||||
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Banks in Birmingham, Alabama That Make SBA Loans
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Birmingham, Alabama Bank Gives SBA Loan to Fresh Fruits And Vegetables CompanyWant to talk with a Birmingham, Alabama bank about a business loan? Here's one Texas business loan, issued by a Birmingham bank, that was approved by the SBA. Applying for an SBA loan with Compass Bank worked out well for our friends at one local firm in Austin, Texas. The business was able to get an SBA loan for $471,700. Nice! SBA Loan Borrower COMPANY TYPE: FRESH FRUITS AND VEGETABLES SBA Loan Lender COMPASS BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5148 - Fresh Fruits and Vegetables NAICS Code 422480 - Fresh Fruit and Vegetable Wholesalers Loan Approval Date 7/19/2000 Loan Approval Gross Amount $471,700 Loan Approval from the SBA Of the total $471,700 loan amount, the SBA guaranteed $353,775. 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 45 employees. The SBA loan application for the borrower indicated that the loan would help retain 45 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $471,700. How would you spend $471,700 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: Small Bank Loans in Birmingham, Alabama
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