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May 16, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Gainesville, Business Loans > First Financial Bank Gainesville Business Loans > Poultry Hatcheries Loan | ||||
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First Financial Bank Business Loans Whitwell, Tennessee
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First Financial Bank SBA Loan to Poultry Hatcheries CompanyAn SBA loan from First Financial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Whitwell, Tennessee business owner got a $645,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Financial Bank, out of Gainesville, Georgia. The loan was granted and they received $645,000 to help grow their Whitwell, Tennessee business. SBA Loan Borrower COMPANY TYPE: POULTRY HATCHERIES SBA Loan Lender FIRST FINANCIAL BANK This debt financing 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. SIC Code 0254 - Poultry Hatcheries NAICS Code 112340 - Poultry Hatcheries Loan Approval Date 6/1/2005 Loan Approval Gross Amount $645,000 Loan Approval from the SBA Of the total $645,000 loan amount, the SBA guaranteed $483,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Find an SBA Lender in Gainesville, Georgia
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