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April 28, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Franklin, Business Loans > Greenbank Franklin Business Loans > Confectionery Loan | ||||
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TN SBA Loans from Greenbank
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Business Loan from Greenbank Given to Confectionery CompanyGreenbank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Tennessee entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Nashville, Tennessee, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Greenbank, based in Franklin, Tennessee. SBA Loan Borrower COMPANY TYPE: CONFECTIONERY SBA Loan Lender GREENBANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5145 - Confectionery NAICS Code 422450 - Confectionery Wholesalers Loan Approval Date 1/2/2003 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. 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 16 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Greenbank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Greenbank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Lenders in Franklin, Tennessee
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