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May 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Morristown, Business Loans > First Tennessee Bank Morristown Business Loans > Forest Nurseries And Gathering Of Forest Products Loan | ||||
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Best Banks for White Pine Entrepreneurs
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Forest Nurseries and Gathering of Forest Products Business LoansLooking for business loans for forest nurseries and gathering of forest products? An SBA loan may be just what you've been looking for. This $72,000 forest nurseries and gathering of forest products loan was issued by a Tennessee bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in White Pine, Tennessee was able to borrow $72,000 from First Tennessee Bank. The SBA made the loan possible by guaranteeing $61,200 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: FOREST NURSERIES AND GATHERING OF FOREST PRODUCTS SBA Loan Lender FIRST TENNESSEE BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0831 - Forest Nurseries and Gathering of Forest Products NAICS Code 113210 - Forest Nurseries and Gathering of Forest Products Loan Approval Date 4/9/2001 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. 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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Morristown, Tennessee Getting an SBA Loan in Tennessee
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