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April 23, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Nashville, Business Loans > The Bank Of Nashville Nashville Business Loans > Truck And Bus Bodies Loan | ||||
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The Bank Of Nashville Loans
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Financing for Motor Home ManufacturingWith these commercial loans for motor home manufacturing, the SBA guarantees the lender that the loan will be repaid. This motor home manufacturing loan for $175,000 was given to an Alabama entrepreneur in 2001. Getting a small business loan in Huntsville, Alabama was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Nashville, operating out of Nashville, Tennessee. Here are the details on this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: TRUCK AND BUS BODIES SBA Loan Lender THE BANK OF NASHVILLE This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3713 - Truck and Bus Bodies NAICS Code 336213 - Motor Home Manufacturing Loan Approval Date 4/2/2001 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $148,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Banks in Nashville, Tennessee
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