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May 18, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Hotels And Motels Loan | ||||
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Banks Doing SBA Loans in Tennessee
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Parsons, Tennessee Lender Lends Money to Hotels And Motels CompanyThinking about meeting with a Parsons, Tennessee bank about a business loan? Here's one Ohio business loan, issued by a Parsons bank, that was approved by the SBA. Applying for an SBA loan with Community So. Bank D.B.A Commun worked out well for our friends at one local firm in Newcomerstown, Ohio. They got an SBA loan for $960,000. Nice! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/6/2004 Loan Approval Gross Amount $960,000 Loan Approval from the SBA Of the total $960,000 loan amount, the SBA guaranteed $720,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Community So. Bank D.B.A Commun 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: Best Banks in Parsons, Tennessee
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