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April 29, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Franklin, Business Loans > Greenbank Franklin Business Loans > Book Publishing Loan | ||||
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SBA Lenders Tennessee
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Franklin, Tennessee Bank Gives SBA Loan to Book Publishing CompanyThinking about meeting with a Franklin, Tennessee bank about a small business loan? Here's one Tennessee business loan, issued by a Franklin bank, that was approved by the SBA. Applying for an SBA loan with Greenbank worked out well for our friends at one local company in Nashville, Tennessee. They received an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: BOOK PUBLISHING SBA Loan Lender GREENBANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2731 - Book Publishing NAICS Code 511130 - Book Publishers Loan Approval Date 4/23/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: A Company That Helps Entrepreneurs Small Business Banks in Franklin, Tennessee
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