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May 4, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Rutherford, Business Loans > Farmers And Merchants Bank Rutherford Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Banks Doing SBA Loans in Tennessee
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Entrepreneur Works With Rutherford, Tennessee Bank to Get an SBA LoanGet to know Rutherford, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. Farmers And Merchants Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Blue Ridge, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Farmers And Merchants Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender FARMERS AND MERCHANTS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 8/30/2007 Loan Approval Gross Amount $520,000 Loan Approval from the SBA Of the total $520,000 loan amount, the SBA guaranteed $390,000. 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 7 employees. The SBA loan documents indicated that the borrowed money would help generate 7 new jobs. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Role of Business Plan When Raising Money Small Bank Loans in Rutherford, Tennessee
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