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May 16, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Maryville, Business Loans > Citizens Bank Of Blount County Maryville Business Loans > Women's Clothing Stores Loan | ||||
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We Needed an SBA Loan in Alcoa, Tennessee and We Got One!
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How to Get a Loan for Formal Wear and Costume RentalWith these business loans for formal wear and costume rental, the SBA guarantees the lender that the loan will be repaid. This formal wear and costume rental loan for $130,000 was given to a Tennessee entrepreneur in 2002. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Citizens Bank Of Blount County, out of Maryville, Tennessee. The loan was granted and they received $130,000 to help grow their Alcoa, Tennessee business. SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender CITIZENS BANK OF BLOUNT COUNTY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5621 - Women's Clothing Stores NAICS Code 532220 - Formal Wear and Costume Rental Loan Approval Date 10/16/2002 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. 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 3 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Alcoa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 for Maryville, Tennessee Loans
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