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April 25, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Washington, Business Loans > Loans From Old Closed Lenders Washington Business Loans > Trucking Loan | ||||
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District of Columbia Bank SBA Loans
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Loans From Old Closed Lenders SBA Loan to Trucking CompanyLooking to get a Tennessee small business loan? Here's one Tennessee business loan that was approved by the SBA. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Loans From Old Closed Lenders, out of Washington, District of Columbia. The loan was granted and they received $84,400 to help grow their Dyer, Tennessee business. SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender LOANS FROM OLD CLOSED LENDERS This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking Loan Approval Date 5/11/2000 Loan Approval Gross Amount $84,400 Loan Approval from the SBA Of the total $84,400 loan amount, the SBA guaranteed $67,520. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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: Where to Get an SBA Loan in Washington, District of Columbia District of Columbia SBA Bank Lenders
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