Loan Census Banking News and Information
October 17, 2021  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Anniston, Alabama and We Got One!

 

 
Loan Census SBA Loan Info

Raising Money for Store Retailers

Looking for business loans for store retailers? Talk to a banker who works with the SBA. This $225,000 store retailers loan was issued by an Alabama bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Regions Bank, out of Birmingham, Alabama. The loan was granted and they received $225,000 to help grow their Anniston, Alabama business.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
Anniston, AL 36206

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453998 - Store Retailers

Loan Approval Date

4/17/2006

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $112,500.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Anniston AL, you ought to talk with a local Anniston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Anniston businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Advice on Getting a Small Business Loan

Best Banks in Birmingham, Alabama

Getting an SBA Loan in Alabama