Nashville, Tennessee Entrepreneur Gets a Small Business Loan

Would a Tennessee SBA loan help your business get to the next level? If so, you may want to talk with this Tennessee bank, which offers SBA loans to Tennessee entrepreneurs.

Getting a small business loan in Nashville, Tennessee was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Nashville. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
NASHVILLE, TN 37210

SBA Loan Lender

THE BANK OF NASHVILLE
401 CHURCH ST L&C TOWER
NASHVILLE, TN 37219

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

6/8/2001

Loan Approval Gross Amount

$489,000

Loan Approval from the SBA

Of the total $489,000 loan amount, the SBA guaranteed $366,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 The Bank Of Nashville 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.

Related Links:

Bank Credit Lines

SBA 7A Banks for Nashville, Tennessee Loans

Tennessee SBA Bank Lenders