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May 16, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Greeneville, Business Loans > First Tennessee Bank Greeneville Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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SBA Lenders in Tennessee
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Gasoline Stations with Convenience Stores SBA LoansLooking for SBA loans for gasoline stations with convenience stores? The SBA may be the answer. This $40,000 gasoline stations with convenience stores loan was issued by a Tennessee bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Tennessee Bank, out of Greeneville, Tennessee. The loan was granted and they received $40,000 to help grow their Greeneville, Tennessee business. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender FIRST TENNESSEE BANK This lender issued this particular bank 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. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/5/2004 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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Tennessee Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: The Friends and Family Network Small Bank Loans in Greeneville, Tennessee
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