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May 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Columbia, Business Loans > First Farmers & Merchants Bk Columbia Business Loans > Petroleum Bulk Stations And Terminals Loan | ||||
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First Farmers & Merchants Bk
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Business Loan from First Farmers & Merchants Bk Given to Petroleum Bulk Stations And Terminals CompanyFirst Farmers & Merchants Bk has a track record as a leading provider of SBA loans. Find out how this Tennessee entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Farmers & Merchants Bk, out of Columbia, Tennessee. The loan was granted and they received $671,500 to help grow their Pulaski, Tennessee business. SBA Loan Borrower COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS SBA Loan Lender FIRST FARMERS & MERCHANTS BK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5171 - Petroleum Bulk Stations and Terminals NAICS Code 422710 - Petroleum Bulk Stations and Terminals Loan Approval Date 5/14/2001 Loan Approval Gross Amount $671,500 Loan Approval from the SBA Of the total $671,500 loan amount, the SBA guaranteed $503,625. More Information on This SBA Loan The borrower borrowed this money for an existing 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 8 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $671,500 loan. Remember, anyone can do it... so why not 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: Getting an SBA Loan in Tennessee
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