Alcoa, Tennessee Entrepreneur Gets an SBA Loan

Would a Tennessee business loan help your company expand? If so, you may want to talk with this North Carolina bank, which offers SBA loans to Tennessee entrepreneurs.

Getting a small business loan in Alcoa, Tennessee was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Branch Bank & Trust. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
ALCOA, TN 37701

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

11/30/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 4 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Alcoa TN, you ought to talk with a local Alcoa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alcoa businesses.

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.

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