Johnson City, Tennessee Bank Gives SBA Loan to Child Day Care Services Company

Thinking about meeting with a Johnson City, Tennessee bank about an SBA loan? Here's one Tennessee business loan, issued by a Johnson City bank, that was approved by the SBA.

Applying for an SBA loan with State Of Franklin Savings Bank worked out well for our friends at one local company in Elizabethton, Tennessee. They received an SBA loan for $76,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
ELIZABETHTON, TN 37643

SBA Loan Lender

STATE OF FRANKLIN SAVINGS BANK
1907 N ROAN ST
JOHNSON CITY, TN 37601

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/17/2001

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $64,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $76,000. How would you spend $76,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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