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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Columbus, Business Loans > Columbus Bank & Trust Columbus Business Loans > Highway And Street Construction Loan | ||||
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Columbus Bank & Trust
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Columbus Bank & Trust SBA Loan to Highway And Street Construction CompanyColumbus Bank & Trust 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. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phenix City, Alabama was able to borrow $346,500 from Columbus Bank & Trust. The SBA made the loan possible by guaranteeing $259,875 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION SBA Loan Lender COLUMBUS BANK & TRUST At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to provide 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 1611 - Highway and Street Construction NAICS Code 234110 - Highway and Street Construction Loan Approval Date 8/14/2000 Loan Approval Gross Amount $346,500 Loan Approval from the SBA Of the total $346,500 loan amount, the SBA guaranteed $259,875. More Information on This SBA Loan The borrower borrowed this money for an existing 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 20 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Phenix City 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: SBA Participating Banks in Columbus, Georgia Getting an SBA Loan in Georgia
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