Superior Bank SBA Loan to Electroplating, Plating, Polishing, Anodizing, And Coloring Company
Superior Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Alabama entrepreneur who tapped into the power of SBA loans.
This small firm knew how to go about getting a business bank loan. Based in Huntsville, Alabama, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Superior Bank, based in Blountsville, Alabama.
SBA Loan Borrower
COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING
HUNTSVILLE, AL 35801
SBA Loan Lender
69156 MAIN ST
BLOUNTSVILLE, AL 35031
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $228,900 loan amount, the SBA guaranteed $171,675.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 23 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We can help you find the best banks for small businesses in Huntsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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