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March 28, 2024  
 
 
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Redstone Fcu Gurley

 

 
Loan Census SBA Loan Info

SBA Loan from Redstone Fcu Helps Masonry Contractors Company

An SBA loan from Redstone Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gurley, Alabama business owner got a $8,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gurley, Alabama was able to borrow $8,000 from Redstone Fcu. The SBA made the loan possible by guaranteeing $4,000 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: MASONRY CONTRACTORS
GURLEY, AL 35748

SBA Loan Lender

REDSTONE FCU
220 WYNN DR
HUNTSVILLE, AL 35893

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

238140 - Masonry Contractors

Loan Approval Date

8/4/2006

Loan Approval Gross Amount

$8,000

Loan Approval from the SBA

Of the total $8,000 loan amount, the SBA guaranteed $4,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Financing Your Business

SBA Approved Banks in Huntsville, Alabama

SBA Alabama Banks