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October 17, 2021  
 
 
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Best Banks for Robertsdale, Alabama Small Businesses

 

 
Loan Census SBA Loan Info

Business Loans for Commercial and Institutional Building Construction

Looking for business loans for commercial and institutional building construction? An SBA loan may be just what you've been looking for. This $109,632 commercial and institutional building construction loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Vision Bank, out of Panama City, Florida. The loan was granted and they received $109,632 to help grow their Robertsdale, Alabama business.

SBA Loan Borrower

COMPANY TYPE: GENERAL CONTRACTING FOR NONRESIDENTIAL BUILDINGS
ROBERTSDALE, AL 36567

SBA Loan Lender

VISION BANK
2200 STANFORD RD
PANAMA CITY, FL 32405

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1542 - General Contracting for Nonresidential Buildings

NAICS Code

233320 - Commercial and Institutional Building Construction

Loan Approval Date

7/20/2001

Loan Approval Gross Amount

$109,632

Loan Approval from the SBA

Of the total $109,632 loan amount, the SBA guaranteed $93,187.

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 8 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Vision Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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