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May 18, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Columbia, Business Loans > Community First Bank And Trust Columbia Business Loans > General Automotive Repair Shops Loan | ||||
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Community First Bank And Trust SBA 7A Loans
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Business Loans for Automotive Glass Replacement ShopsLooking for business loans for automotive glass replacement shops? An SBA loan may be just what you've been looking for. This $107,000 automotive glass replacement shops loan was issued by a Tennessee bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Community First Bank And Trust, out of Columbia, Tennessee. The loan was granted and they received $107,000 to help grow their Columbia, Tennessee business. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender COMMUNITY FIRST BANK AND TRUST This lender issued this particular 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 7538 - General Automotive Repair Shops NAICS Code 811122 - Automotive Glass Replacement Shops Loan Approval Date 1/23/2004 Loan Approval Gross Amount $107,000 Loan Approval from the SBA Of the total $107,000 loan amount, the SBA guaranteed $90,950. 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 4 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Columbia, Tennessee
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