Tennessee Small Business Loan Issued to Sporting Goods Stores Company

Small business loans in Tennessee are are few and far betweeen these days. We take a look at one Tennessee small business loan, provided by a Tennessee bank, that was approved by the SBA.

Getting a small business loan in Brownsville, Tennessee was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Insouth Bank. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
Brownsville, TN 38012

SBA Loan Lender

INSOUTH BANK
111 S WASHINGTON
BROWNSVILLE, TN 38012

The lender provided this 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

451110 - Sporting Goods Stores

Loan Approval Date

4/24/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Getting a Small Business Loan

Small Bank Loans in Brownsville, Tennessee

SBA Participating Banks in Tennessee