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| Entrepreneur Resources | Compass Bank Birmingham Business Loans | ||||
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Birmingham, Alabama SBA Lenders
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Birmingham, Alabama Bank Gives SBA Loan to Alpha Plus AutomotiveGet to know Birmingham, Alabama banks that specialize in small business loans and know how to work with entrepreneurs. Compass Bank is one such bank, as evidenced by this SBA loan to Alpha Plus Automotive.
Finding a small business loan in Austin, Texas starts with an understanding of who else has gotten loans in the area. In this case, Alpha Plus Automotive received funding from Compass Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower ALPHA PLUS AUTOMOTIVE SBA Loan Lender COMPASS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 811111 - General Automotive Repair Loan Approval Date 6/27/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower, Alpha Plus Automotive, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. This loan was paid in full, and was closed out on 8/21/2007. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Alpha Plus Automotive, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Advice on Getting a Small Business Loan SBA 7A Banks for Birmingham, Alabama Loans If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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