Nashville, Tennessee Entrepreneur Gets a Bank Loan
Searching for a Tennessee SBA loan? This Tennessee entrepreneur got an SBA loan, provided by an Ohio bank that works with the SBA to help small business owners.
Getting a small business loan in Nashville, Tennessee was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Tennessee small business loan.
SBA Loan Borrower
COMPANY TYPE: CHARTER BUS INDUSTRY
NASHVILLE, TN 37217
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
485510 - Charter Bus Industry
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $16,000 loan amount, the SBA guaranteed $8,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like U.S. Bank National Association and they will explain how you can get an SBA loan for your company.
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.
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