Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Birmingham SBA Lenders

 

 
Loan Census SBA Loan Info

Birmingham, Alabama Bank Gives SBA Loan to Dentists Company

Thinking about meeting with a Birmingham, Alabama bank about an SBA 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 Dallas, Texas. They got an SBA loan for $249,700. Nice!

SBA Loan Borrower

COMPANY TYPE: DENTISTS
DALLAS, TX 75211

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

9/11/2002

Loan Approval Gross Amount

$249,700

Loan Approval from the SBA

Of the total $249,700 loan amount, the SBA guaranteed $187,275.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

How Equity Dilution Works

SBA Participating Banks in Birmingham, Alabama

Alabama SBA 7A Banks