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August 5, 2021  
 
 
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SBA Lender Scottsboro

 

 
Loan Census SBA Loan Info

Scottsboro, Alabama Lender Lends Money to Supermarkets And Grocery Stores Company

Get business loans from a Scottsboro, Alabama bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

First Southern State Bank is a Scottsboro, Alabama small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Alabama company.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
SCOTTSBORO, AL 35768

SBA Loan Lender

FIRST SOUTHERN STATE BANK
20 MICAH WAY
SCOTTSBORO, AL 35769

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

2/3/2006

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 27 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Scottsboro AL, you ought to talk with a local Scottsboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Scottsboro businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Understanding Dilution

Banks in Scottsboro, Alabama

SBA Participating Banks in Alabama