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.
812112 - Beauty Salons
Loan Approval Date
Loan Approval Gross Amount
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.
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