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May 9, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Lebanon, Business Loans > Pinnacle National Bank Lebanon Business Loans > Courier Services Loan | ||||
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How to Get SBA Loans in Mount Juliet, Tennessee
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How to Get a Loan for Local Messengers and Local DeliveryLooking for commercial loans for local messengers and local delivery? Try the SBA. This $38,850 local messengers and local delivery loan was issued by a Tennessee bank. This small business knew how to go about getting a business bank loan. Based in Mount Juliet, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Pinnacle National Bank, based in Lebanon, Tennessee. SBA Loan Borrower COMPANY TYPE: COURIER SERVICES SBA Loan Lender PINNACLE NATIONAL BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4215 - Courier Services NAICS Code 492210 - Local Messengers and Local Delivery Loan Approval Date 4/10/2002 Loan Approval Gross Amount $38,850 Loan Approval from the SBA Of the total $38,850 loan amount, the SBA guaranteed $33,022. 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 application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Pinnacle National Bank 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 VC Money for Social Networking Companies Best Banks in Lebanon, Tennessee Getting a Business Loan in Tennessee
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