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May 14, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Franklin, Business Loans > Tennessee Commerce Bank Franklin Business Loans > Retail Stores Loan | ||||
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SBA Lender Tennessee
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SBA Loan from Tennessee Commerce Bank Helps Retail Stores CompanyAn SBA loan from Tennessee Commerce Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Franklin, Tennessee business owner got a $40,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Franklin, Tennessee was able to borrow $40,000 from Tennessee Commerce Bank. The SBA made the loan possible by guaranteeing $34,000 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender TENNESSEE COMMERCE BANK This lender issued this particular SBA 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 5999 - Retail Stores NAICS Code 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 8/4/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 2 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 in Franklin, Tennessee
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