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May 3, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > Cut Stone And Stone Product Manufacturing Loan | ||||
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SBA Lender Knoxville
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Entrepreneur Works With Knoxville, Tennessee Bank to Get an SBA LoanWant to talk with a Knoxville, Tennessee bank about an SBA loan? Here's one Ohio business loan, issued by a Knoxville bank, that was approved by the SBA. Applying for an SBA loan with Community So. Bank D.B.A Commun worked out well for our friends at one local company in Gahanna, Ohio. They got an SBA loan for $1,157,000. Way to go! SBA Loan Borrower COMPANY TYPE: CUT STONE AND STONE PRODUCT MANUFACTURING SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327991 - Cut Stone and Stone Product Manufacturing Loan Approval Date 8/30/2005 Loan Approval Gross Amount $1,157,000 Loan Approval from the SBA Of the total $1,157,000 loan amount, the SBA guaranteed $867,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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: Small Business Banks in Knoxville, Tennessee
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