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May 12, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Shellfish Loan | ||||
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Business Loan from Business Loan Center, LLC
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Business Loan Center, LLC SBA Loan to Shellfish CompanyAn SBA loan from Business Loan Center, LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Irvington, Alabama business owner got a $940,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Irvington, Alabama was able to borrow $940,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $705,000 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: SHELLFISH SBA Loan Lender BUSINESS LOAN CENTER, LLC When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program was created to offer expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0913 - Shellfish NAICS Code 114112 - Shellfish Fishing Loan Approval Date 2/26/2002 Loan Approval Gross Amount $940,000 Loan Approval from the SBA Of the total $940,000 loan amount, the SBA guaranteed $705,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding From a Venture Capitalist SBA Participating Banks in Richmond, Virginia
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