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May 2, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Brownsville, Business Loans > Insouth Bank Brownsville Business Loans > Furniture Stores Loan | ||||
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Tennessee Small Business Funding
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Furniture Stores Business LoansWith these business loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $55,000 was given to a Tennessee entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Memphis, Tennessee was able to borrow $55,000 from Insouth Bank. The SBA made the loan possible by guaranteeing $46,750 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender INSOUTH BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 8/18/2005 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! 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. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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: SBA Participating Banks in Brownsville, Tennessee
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