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May 10, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Kingsport, Business Loans > Bank Of Tennessee Kingsport Business Loans > Physical Fitness Facilities Loan | ||||
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SBA Lender Bristol
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Bank Of Tennessee SBA Loan to Physical Fitness Facilities CompanyAn SBA loan from Bank Of Tennessee typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bristol, Tennessee business owner got a $312,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bristol, Tennessee was able to borrow $312,000 from Bank Of Tennessee. The SBA made the loan possible by guaranteeing $234,000 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICAL FITNESS FACILITIES SBA Loan Lender BANK OF TENNESSEE SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 8/2/2005 Loan Approval Gross Amount $312,000 Loan Approval from the SBA Of the total $312,000 loan amount, the SBA guaranteed $234,000. 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 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Small Bank Loans in Kingsport, Tennessee
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