 |
 |
May 6, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Collierville, Business Loans > Banktennessee Collierville Business Loans > Hotels And Motels Loan | ||||
 |
||||
Collierville, Tennessee SBA Lenders
|
||||
 |
Entrepreneur Works With Collierville, Tennessee Bank to Get an SBA LoanWant to talk with a Collierville, Tennessee bank about a business loan? Here's one Arkansas business loan, issued by a Collierville bank, that was approved by the SBA. Applying for an SBA loan with Banktennessee worked out well for our friends at one local firm in Springdale, Arkansas. They received an SBA loan for $600,000. Awesome! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender BANKTENNESSEE This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 6/12/2001 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 4 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Banktennessee 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: Where to Get an SBA Loan in Collierville, Tennessee Getting a Business Loan in Tennessee
|
|
||
|
||||
|
|
||||