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April 25, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Tuscaloosa, Business Loans > Cadence Bank Tuscaloosa Business Loans > Bands, Orchestras, Actors And Entertainment Loan | ||||
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Banks That Lend to Alabama Businesses
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Alabama SBA Loan Issued to Bands, Orchestras, Actors And Entertainment CompanyBusiness loans in Alabama are hard to find these days. We take a look at one Alabama business loan, provided by an Alabama bank, that was approved by the SBA. You can learn something about getting a small business loan in Tuscaloosa, Alabama by studying this loan to a local business, made back in 2001. Banks like Cadence Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: BANDS, ORCHESTRAS, ACTORS AND ENTERTAINMENT SBA Loan Lender CADENCE BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7929 - Bands, Orchestras, Actors and Entertainment NAICS Code 711190 - Performing Arts Companies Loan Approval Date 8/22/2001 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,500. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need business start up money in Tuscaloosa AL, you ought to talk with a local Tuscaloosa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tuscaloosa businesses. 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 $10,000 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: Obtaining Funding - Getting Venture Capital SBA Participating Banks in Tuscaloosa, Alabama
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