Business Loan from Compass Bank Given to Home Health Care Services Company
An SBA loan from Compass Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cullman, Alabama business owner got a $823,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cullman, Alabama was able to borrow $823,000 from Compass Bank. The SBA made the loan possible by guaranteeing $617,250 of this Alabama small business loan.
SBA Loan Borrower
COMPANY TYPE: HOME HEALTH CARE SERVICES
CULLMAN, AL 35055
SBA Loan Lender
15 S 20TH ST
BIRMINGHAM, AL 35233
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
621610 - Home Health Care Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $823,000 loan amount, the SBA guaranteed $617,250.
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 25 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Compass Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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.
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