Loan Census Banking News and Information
January 16, 2022  
 
 
  Business Loan Information  
 

SBA 7A Banks for Madison, Alabama Small Businesses

 

 
Loan Census SBA Loan Info

Madison, Alabama Entrepreneur Gets a Small Business Loan

AlabamaSBA loans are available to Alabama entrepreneurs through the SBA. In this case, an Alabama bank provides the loan.

Getting a small business loan in Madison, Alabama was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Premier Bank Of The South. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
MADISON, AL 35758

SBA Loan Lender

PREMIER BANK OF THE SOUTH
101 1ST AVE NW
CULLMAN, AL 35055

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/30/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Madison 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.

Related Links:

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Best Banks for Small Business in Cullman, Alabama

Alabama SBA Bank Lenders