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April 28, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Nashville, Business Loans > The Bank Of Nashville Nashville Business Loans > Office Furniture Manufacturing Loan | ||||
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Banks in Nashville, Tennessee That Make SBA Loans
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Nashville, Tennessee Bank Gives SBA Loan to Office Furniture Manufacturing CompanyGet business loans from a Nashville, Tennessee bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. The Bank Of Nashville is a Nashville, Tennessee small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Tennessee company. SBA Loan Borrower COMPANY TYPE: OFFICE FURNITURE MANUFACTURING SBA Loan Lender THE BANK OF NASHVILLE This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337214 - Office Furniture Manufacturing Loan Approval Date 4/12/2006 Loan Approval Gross Amount $940,000 Loan Approval from the SBA Of the total $940,000 loan amount, the SBA guaranteed $705,000. 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 33 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 33 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Banks in Nashville, Tennessee
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