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November 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > Grocery Stores Loan | ||||
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SBA 7A Banks That Lend to Tennessee Businesses
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Growing Company Gets a Tennessee Small Business LoanLooking to get a Tennessee bank loan? This Tennessee entrepreneur got a bank loan, provided by a California bank that works with the SBA to help small business owners. By giving the right information to Hanmi Bank, this Antioch, Tennessee business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender HANMI BANK This small 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. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 4/21/2006 Loan Approval Gross Amount $1,550,000 Loan Approval from the SBA Of the total $1,550,000 loan amount, the SBA guaranteed $1,162,500. 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. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Hanmi Bank 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: Microlending as a Small Business Funding Source Best Banks in Los Angeles, California Find an SBA Lender in California
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