First Tennessee Bank Gives Business Loan to Industrial Inorganic Chemicals, N.E.C Company

Searching for a Tennessee business loan? This Tennessee entrepreneur got a business loan, provided by a Tennessee bank that works with the SBA to help small business owners.

Getting a small business loan in Cleveland, Tennessee was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Tennessee Bank. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL INORGANIC CHEMICALS, N.E.C
CLEVELAND, TN 37320

SBA Loan Lender

FIRST TENNESSEE BANK
775 RAIDER DR
CLEVELAND, TN 37312

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2819 - Industrial Inorganic Chemicals, N.E.C

Loan Approval Date

8/22/2000

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,000.

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 SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a 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 Cleveland 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.

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