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April 17, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Line X Loan | ||||
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Raising Money in Memphis, Tennessee With SBA Loans
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Community W. Bank Provides SBA Loan to Buy Line-X FranchiseBorrowing money to buy a Line-X franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Memphis, Tennessee needed money to invest in a Line-X franchise back in 2007. Community W. Bank issued an SBA franchise loan. Here are the details on this Tennessee small business loan. SBA Loan Borrower LINE X SBA Loan Lender COMMUNITY W. BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 11/30/2007 Loan Approval Gross Amount $340,300 Loan Approval from the SBA Of the total $340,300 loan amount, the SBA guaranteed $255,225. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Line-X franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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: Role of Business Plan When Raising Money SBA 7A Lenders in Goleta, California
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