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April 24, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Limousine Service Loan | ||||
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Small Business Banks for Montgomery Small Business Owners
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How to Get a Loan for Limousine ServiceLooking for business loans for limousine service? An SBA loan may be just what you've been looking for. This $25,000 limousine service loan was issued by a Florida bank. This small business knew how to go about getting a business bank loan. Based in Montgomery, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Business Loan Center, LLC, based in Panama City Beach, Florida. SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485320 - Limousine Service Loan Approval Date 7/14/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Business Loan Center, LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Business Loan Center, LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Dealing With Venture Capitalists Small Business Banks in Panama City Beach, Florida SBA Participating Banks in Florida
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