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May 9, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Kingsport, Business Loans > Bank Of Tennessee Kingsport Business Loans > Optometrists Loan | ||||
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Business Loans for Blountville Small Business Owners
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Optometrists LoansWith these loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $150,000 was given to a Tennessee entrepreneur in 2004. This small firm knew how to go about getting a business bank loan. Based in Blountville, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Tennessee, based in Kingsport, Tennessee. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender BANK OF TENNESSEE This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621320 - Optometrists Loan Approval Date 7/28/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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: Small Business Banks in Kingsport, Tennessee
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