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May 14, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Franklin, Business Loans > First Tennessee Bank Franklin Business Loans > Plastering, Drywall, And Insulation Loan | ||||
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Franklin, Tennessee Bank Loan
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Small Business Loans for Drywall, Plastering, Acoustical, and Insulation ContractorsLooking for small business loans for drywall, plastering, acoustical, and insulation contractors? An SBA loan may be just what you've been looking for. This $110,000 drywall, plastering, acoustical, and insulation contractors loan was issued by a Tennessee bank. This company knew how to go about getting a business bank loan. Based in Franklin, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First Tennessee Bank, based in Franklin, Tennessee. SBA Loan Borrower COMPANY TYPE: PLASTERING, DRYWALL, AND INSULATION SBA Loan Lender FIRST TENNESSEE BANK This lender issued this particular small business 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 1742 - Plastering, Drywall, and Insulation NAICS Code 235420 - Drywall, Plastering, Acoustical, and Insulation Contractors Loan Approval Date 4/21/2000 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $82,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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:
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