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May 13, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Winchester, Business Loans > The Traders National Bank Winchester Business Loans > Women's Clothing Stores Loan | ||||
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Winchester, Tennessee SBA Banks
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Entrepreneur Works With Winchester, Tennessee Bank to Get an SBA LoanWant to talk with a Winchester, Tennessee bank about an SBA loan? Here's one Tennessee business loan, issued by a Winchester bank, that was approved by the SBA. Applying for an SBA loan with The Traders National Bank worked out well for our friends at one local company in Tullahoma, Tennessee. The business was able to get an SBA loan for $100,000. Sweet! SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender THE TRADERS NATIONAL BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5621 - Women's Clothing Stores NAICS Code 448120 - Women's Clothing Stores Loan Approval Date 3/24/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Advice on Getting a Small Business Loan SBA Participating Banks in Winchester, Tennessee
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