Business Loan from Community So. Bank D.B.A Commun Given to Household Textile Product Mills Company
Community So. Bank D.B.A Commun is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans.
This growing company knew how to go about getting a business bank loan. Based in Carlyle, Illinois, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Community So. Bank D.B.A Commun, based in Parsons, Tennessee.
SBA Loan Borrower
COMPANY TYPE: HOUSEHOLD TEXTILE PRODUCT MILLS
CARLYLE, IL 62231
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
314129 - Household Textile Product Mills
Loan Approval Date
6/14/2005
Loan Approval Gross Amount
$1,865,000
Loan Approval from the SBA
Of the total $1,865,000 loan amount, the SBA guaranteed $1,398,750.
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 65 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 65 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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 Community So. Bank D.B.A Commun 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:
Direct Public Offerings
SBA 7A Banks in Parsons, Tennessee
SBA Lenders in Tennessee