Growing Company Gets a Tennessee SBA Loan

Searching for a Tennessee bank loan? This Tennessee entrepreneur got a bank loan, provided by a Tennessee bank that works with the SBA to help small business owners.

Getting a small business loan in Antioch, Tennessee was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Greenbank. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: BANDS, ORCHESTRAS, ACTORS AND ENTERTAINMENT
ANTIOCH, TN 37013

SBA Loan Lender

GREENBANK
5120 MARYLAND WAY
BRENTWOOD, TN 37027

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7929 - Bands, Orchestras, Actors and Entertainment

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

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 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Antioch TN, you ought to talk with a local Antioch SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Antioch 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 Greenbank 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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