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May 1, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Stockbridge, Business Loans > High Trust Bank Stockbridge Business Loans > Hotels And Motels Loan | ||||
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High Trust Bank
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Fayetteville, Tennessee Business Gets SBA-Guaranteed Funding from High Trust BankHigh Trust Bank has a track record as a leading provider of SBA loans. Find out how this Tennessee entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Fayetteville, Tennessee, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was High Trust Bank, based in Stockbridge, Georgia. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender HIGH TRUST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 11/6/2007 Loan Approval Gross Amount $266,000 Loan Approval from the SBA Of the total $266,000 loan amount, the SBA guaranteed $199,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. We can help you find the best banks for small businesses in Fayetteville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks for Small Business in Stockbridge, Georgia SBA Participating Banks in Georgia
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