Traders & Farmers Bank SBA Loan to Book Stores Company

An SBA loan from Traders & Farmers Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Haleyville, Alabama business owner got a $137,300 loan.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Traders & Farmers Bank, out of Haleyville, Alabama. The loan was granted and they received $137,300 to help grow their Haleyville, Alabama business.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
HALEYVILLE, AL 35565

SBA Loan Lender

TRADERS & FARMERS BANK
819 DOWNTOWN MALL
HALEYVILLE, AL 35565

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5942 - Book Stores

NAICS Code

451211 - Book Stores

Loan Approval Date

5/9/2001

Loan Approval Gross Amount

$137,300

Loan Approval from the SBA

Of the total $137,300 loan amount, the SBA guaranteed $116,705.

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 only one employee. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Haleyville AL, you ought to talk with a local Haleyville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Haleyville businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Traders & Farmers Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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