Loan Census Banking News and Information
May 25, 2024  
 
 
  Business Loan Information  
 

Business Loans for Russellville Businesses

 

 
Loan Census SBA Loan Info

Loans for Optometrists

With these loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $150,000 was given to an Alabama entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Russellville, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First Metro Bank, based in Russellville, Alabama.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
RUSSELLVILLE, AL 35643

SBA Loan Lender

FIRST METRO BANK
15315 HWY 43
RUSSELLVILLE, AL 35653

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

12/14/2006

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Choosing VC Firms

SBA Participating Banks in Russellville, Alabama

SBA Lenders in Alabama