Parsons, Tennessee Bank Gives SBA Loan to Sporting Goods Stores Company
Get to know Parsons, Tennessee banks that specialize in business loans and know how to work with entrepreneurs. Community So. Bank D.B.A Commun is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Arlington, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Community So. Bank D.B.A Commun. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: SPORTING GOODS STORES
Arlington, VA 22203
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
451110 - Sporting Goods Stores
Loan Approval Date
10/12/2006
Loan Approval Gross Amount
$548,000
Loan Approval from the SBA
Of the total $548,000 loan amount, the SBA guaranteed $411,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 13 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Business Line of Credit
SBA 7A Banks in Parsons, Tennessee
Getting an SBA Loan in Tennessee