Industrial Machinery and Equipment Wholesalers Loans

Looking for loans for industrial machinery and equipment wholesalers? Talk to a banker who works with the SBA. This $128,000 industrial machinery and equipment wholesalers loan was issued by a Tennessee bank.

This small firm knew how to go about getting a business bank loan. Based in Adamsville, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community So. Bank D.B.A Commun, based in Savannah, Tennessee.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES
ADAMSVILLE, TN 38310

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
325 MAIN ST
SAVANNAH, TN 38372

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5085 - Industrial Supplies

NAICS Code

421830 - Industrial Machinery and Equipment Wholesalers

Loan Approval Date

11/26/2002

Loan Approval Gross Amount

$128,000

Loan Approval from the SBA

Of the total $128,000 loan amount, the SBA guaranteed $108,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Adamsville TN, you ought to talk with a local Adamsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Adamsville businesses.

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 Community So. Bank D.B.A Commun 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.

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