Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

Banks for Collierville, Tennessee Business Owners

 

 
Loan Census SBA Loan Info

How to Get a Loan for Publishers

Looking for business loans for publishers? An SBA loan may be just what you've been looking for. This $150,000 publishers loan was issued by a Tennessee bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Collierville, Tennessee was able to borrow $150,000 from Patriot Bank. The SBA made the loan possible by guaranteeing $127,500 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: PUBLISHING
COLLIERVILLE, TN 38017

SBA Loan Lender

PATRIOT BANK
354 NEW BEYHALIA RD
COLLIERVILLE, TN 38017

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2741 - Publishing

NAICS Code

511199 - Publishers

Loan Approval Date

3/3/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

504 Loans

SBA 7A Banks for Collierville, Tennessee Loans

SBA Lenders in Tennessee