Vision Bancshares, Inc. SBA Loan to Business Services Company
An SBA loan from Vision Bancshares, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gulf Shores, Alabama business owner got a $55,000 loan.
Getting a small business loan in Gulf Shores, Alabama was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Vision Bancshares, Inc., operating out of Panama City, Florida. Here are the details on this Alabama small business loan.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
GULF SHORES, AL 36542
SBA Loan Lender
VISION BANCSHARES, INC.
2200 STANFORD RD
PANAMA CITY, FL 32405
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
7389 - Business Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $55,000 loan amount, the SBA guaranteed $44,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Vision Bancshares, Inc. and they will explain how you can get an SBA loan for your company.
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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