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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Brundidge, Business Loans > 1st National Bank - Brundidge Brundidge Business Loans > Hunting And Trapping Loan | ||||
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1st National Bank - Brundidge
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Business Loan from 1st National Bank - Brundidge Given to Hunting And Trapping CompanyAn SBA loan from 1st National Bank - Brundidge typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Troy, Alabama business owner got a $150,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with 1st National Bank - Brundidge, out of Brundidge, Alabama. The loan was granted and they received $150,000 to help grow their Troy, Alabama business. SBA Loan Borrower COMPANY TYPE: HUNTING AND TRAPPING SBA Loan Lender 1ST NATIONAL BANK - BRUNDIDGE This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 114210 - Hunting and Trapping Loan Approval Date 11/6/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st National Bank - Brundidge and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Find an SBA Lender in Brundidge, Alabama Getting a Business Loan in Alabama
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