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May 2, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Montgomery, Business Loans > Regions Bank Montgomery Business Loans > Store Retailers Loan | ||||
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SBA Lender Montgomery
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Montgomery, Alabama Bank Lends Money to Store Retailers Company in Cookeville, TennesseeThinking about meeting with a Montgomery, Alabama bank about a small business loan? Here's one Tennessee business loan, issued by a Montgomery bank, that was approved by the SBA. Applying for an SBA loan with Regions Bank worked out well for our friends at one local company in Cookeville, Tennessee. They got an SBA loan for $134,400. Nice! SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender REGIONS BANK 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. NAICS Code 453998 - Store Retailers Loan Approval Date 8/31/2004 Loan Approval Gross Amount $134,400 Loan Approval from the SBA Of the total $134,400 loan amount, the SBA guaranteed $114,240. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: How Much Venture Capital Is There? SBA 7A Banks for Montgomery, Alabama Loans
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