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May 19, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Collierville, Business Loans > Banktennessee Collierville Business Loans > Hobby, Toy, And Game Shops Loan | ||||
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Bartlett, Tennessee Bank for SBA Loans
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Bartlett, Tennessee Entrepreneur Gets a Small Business LoanBusiness loans in Tennessee are tough to come by these days. We take a look at one Tennessee business loan, provided by a Tennessee bank, that was approved by the SBA. You can learn something about getting a small business loan in Bartlett, Tennessee by studying this loan to a local business, made back in 2002. Banks like Banktennessee may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS SBA Loan Lender BANKTENNESSEE The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5945 - Hobby, Toy, and Game Shops NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 12/4/2002 Loan Approval Gross Amount $229,900 Loan Approval from the SBA Of the total $229,900 loan amount, the SBA guaranteed $172,425. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 Banktennessee 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: Microlending as a Small Business Funding Source SBA 7A Lenders in Collierville, Tennessee
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