Raising Money for Security Systems Services
Looking for business loans for security systems services? Talk to a banker who works with the SBA. This $850,000 security systems services loan was issued by a Tennessee bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Tennessee Business & Indust Devel, out of Paris, Tennessee. The loan was granted and they received $850,000 to help grow their Bartlett, Tennessee business.
SBA Loan Borrower
COMPANY TYPE: SECURITY SYSTEMS SERVICES
BARTLETT, TN 38134
SBA Loan Lender
TENNESSEE BUSINESS & INDUST DEVEL
1301 E. WOOD STREET, P.O. BOX
PARIS, TN 37402
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561621 - Security Systems Services
Loan Approval Date
5/12/2006
Loan Approval Gross Amount
$850,000
Loan Approval from the SBA
Of the total $850,000 loan amount, the SBA guaranteed $637,500.
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. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.
Getting an SBA Loan For Your Business
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $850,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Borrowing Money from Friends and Family
Best Banks for Small Business in Paris, Tennessee
SBA Lenders in Tennessee