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April 23, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Eating Places Loan | ||||
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SBA Lender Foley Alabama
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Where to Get Capital for Snack and Nonalcoholic Beverage BarsLooking for small business loans for snack and nonalcoholic beverage bars? An SBA loan may be just what you've been looking for. This $125,000 snack and nonalcoholic beverage bars loan was issued by a Louisiana bank. This small firm knew how to go about getting a business bank loan. Based in Foley, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Whitney National Bank, based in New Orleans, Louisiana. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender WHITNEY NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 2/23/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Foley AL, you ought to talk with a local Foley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Foley businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $125,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 7A Lenders in New Orleans, Louisiana Getting an SBA Loan in Louisiana
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