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April 19, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Cookeville, Business Loans > Community Bank - Cumberlands Cookeville Business Loans > Rhino Linings Of Cookeville Loan | ||||
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Raising Money in Cookeville, Tennessee With SBA Loans
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Borrow Money to Buy a Rhino Linings FranchiseBorrowing money to purchase a Rhino Linings franchise? Community Bank - Cumberlands has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Rhino Linings franchise? If so, here's a 2003 SBA franchise loan that you should know about. Community Bank - Cumberlands was the lender and the entrepreneur was based in Cookeville, Tennessee. SBA Loan Borrower RHINO LININGS OF COOKEVILLE SBA Loan Lender COMMUNITY BANK - CUMBERLANDS This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 10/16/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Rhino Linings franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: SBA 7A Banks for Cookeville, Tennessee Loans
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