Entrepreneur Works With Columbia, Tennessee Bank to Get an SBA Loan

Thinking about meeting with a Columbia, Tennessee bank about a business loan? Here's one Tennessee business loan, issued by a Columbia bank, that was approved by the SBA.

Applying for an SBA loan with First Farmers & Merchants Bk worked out well for our friends at one local firm in Lyles (rr Name Lyle), Tennessee. They got an SBA loan for $75,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: CUTTING TOOL AND MACHINE TOOL ACCESSORY MANUFACTURING
LYLES (RR NAME LYLE), TN 37098

SBA Loan Lender

FIRST FARMERS & MERCHANTS BK
816 S GARDEN ST
COLUMBIA, TN 38401

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

333515 - Cutting Tool and Machine Tool Accessory Manufacturing

Loan Approval Date

3/6/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Lyles (rr Name Lyle) TN, you ought to talk with a local Lyles (rr Name Lyle) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lyles (rr Name Lyle) businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Farmers & Merchants Bk and they will explain how you can get an SBA loan for your company.

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:

Raising Venture Capital

SBA Banks in Columbia, Tennessee

Getting a Business Loan in Tennessee