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

Frontier Bank Sylacauga

 

 
Loan Census SBA Loan Info

Business Loan from Frontier Bank Given to Veterinary Services For Animal Specialties Company

An SBA loan from Frontier Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sylacauga, Alabama business owner got a $187,000 loan.

This business knew how to go about getting a business bank loan. Based in Sylacauga, Alabama, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Frontier Bank, based in Sylacauga, Alabama.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES FOR ANIMAL SPECIALTIES
SYLACAUGA, AL 35150

SBA Loan Lender

FRONTIER BANK
43 N BROADWAY AVE
SYLACAUGA, AL 35150

This SBA 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.

SIC Code

0742 - Veterinary Services for Animal Specialties

NAICS Code

541940 - Veterinary Services

Loan Approval Date

6/23/2000

Loan Approval Gross Amount

$187,000

Loan Approval from the SBA

Of the total $187,000 loan amount, the SBA guaranteed $140,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Frontier Bank and they will explain how you can get an SBA loan for your company.

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:

Business Line of Credit

Where to Get an SBA Loan in Sylacauga, Alabama

Getting an SBA Loan in Alabama