Small Business Loans for Graphic Design Services
Looking for small business loans for graphic design services? The SBA may be the answer. This $148,000 graphic design services loan was issued by a Tennessee bank.
This company knew how to go about getting a business bank loan. Based in Chattanooga, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Tennessee Business & Indust Devel, based in Paris, Tennessee.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN
CHATTANOOGA, TN 37405
SBA Loan Lender
TENNESSEE BUSINESS & INDUST DEVEL
1301 E. WOOD STREET, P.O. BOX
PARIS, TN 37402
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7336 - Commercial Art and Graphic Design
NAICS Code
541430 - Graphic Design Services
Loan Approval Date
10/16/2000
Loan Approval Gross Amount
$148,000
Loan Approval from the SBA
Of the total $148,000 loan amount, the SBA guaranteed $111,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Tennessee Business & Indust Devel are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
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