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May 9, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Mount Juliet, Business Loans > Cedarstone Bank Mount Juliet Business Loans > Investment Advice Loan | ||||
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How to Get SBA Loans in Lebanon, Tennessee
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Business Loans for Investment AdviceLooking for business loans for investment advice? The SBA may be the answer. This $30,000 investment advice loan was issued by a Tennessee bank. This business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Cedarstone Bank, out of Mount Juliet, Tennessee. The loan was granted and they received $30,000 to help grow their Lebanon, Tennessee business. SBA Loan Borrower COMPANY TYPE: INVESTMENT ADVICE SBA Loan Lender CEDARSTONE BANK This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 523930 - Investment Advice Loan Approval Date 1/14/2008 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Lebanon 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. Related Links: Banks in Mount Juliet, Tennessee
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