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May 17, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Maryville, Business Loans > Citizens Bank Of Blount County Maryville Business Loans > Heavy Construction Equipment Rental And Leasing Loan | ||||
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Tennessee Bank SBA Loans
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Citizens Bank Of Blount County SBA Loan to Heavy Construction Equipment Rental And Leasing CompanyLooking to get a Tennessee small business loan? Here's one Tennessee business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maryville, Tennessee was able to borrow $75,000 from Citizens Bank Of Blount County. The SBA made the loan possible by guaranteeing $60,000 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: HEAVY CONSTRUCTION EQUIPMENT RENTAL AND LEASING SBA Loan Lender CITIZENS BANK OF BLOUNT COUNTY 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 7353 - Heavy Construction Equipment Rental and Leasing Loan Approval Date 1/18/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. 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 3 employees. The SBA loan application for the borrower did not indicate that the company planned 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? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Maryville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Bank Loans in Maryville, Tennessee Getting a Business Loan in Tennessee
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