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| Entrepreneur Resources | Regions Bank Birmingham Business Loans | ||||
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Alabama SBA Banks
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Birmingham, Alabama Bank Lends Money to Mbod, LLC in Miami, FloridaGet to know Birmingham, Alabama banks that specialize in SBA loans and know how to work with entrepreneurs. Regions Bank is one such bank, as evidenced by this SBA loan to Mbod, LLC.
Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, Mbod, LLC received funding from Regions Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower MBOD, LLC SBA Loan Lender REGIONS BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624310 - Vocational Rehabilitation Services Loan Approval Date 8/28/2006 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower, Mbod, LLC, 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 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Mbod, LLC walked into Regions Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Realistic Debt Financing Options SBA Banks in Birmingham, Alabama Browse All Business Loan Sources for Alabama 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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