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May 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Chattanooga, Business Loans > Cornerstone Community Bank Chattanooga Business Loans > Heavy And Civil Engineering Construction Loan | ||||
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Small Business Banks in Tennessee
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Get an SBA Loan for Heavy and Civil Engineering ConstructionLooking for small business loans for heavy and civil engineering construction? Talk to a banker who works with the SBA. This $74,600 heavy and civil engineering construction loan was issued by a Tennessee bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ooltewah, Tennessee was able to borrow $74,600 from Cornerstone Community Bank. The SBA made the loan possible by guaranteeing $37,300 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION SBA Loan Lender CORNERSTONE COMMUNITY BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 237990 - Heavy and Civil Engineering Construction Loan Approval Date 9/5/2006 Loan Approval Gross Amount $74,600 Loan Approval from the SBA Of the total $74,600 loan amount, the SBA guaranteed $37,300. 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 5 employees. The loan application indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Cornerstone Community Bank 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: Who Lends Money to Small Businesses in Chattanooga, Tennessee Browse All Business Loan Sources for Tennessee
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