Raising Money for Commercial and Industrial Machinery and Equipment Rental and Leasing
Looking for business loans for commercial and industrial machinery and equipment rental and leasing? The SBA may be the answer. This $50,000 commercial and industrial machinery and equipment rental and leasing loan was issued by a Tennessee bank.
This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Cumberland Bank & Trust, out of Clarksville, Tennessee. The loan was granted and they received $50,000 to help grow their Clarksville, Tennessee business.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
CLARKSVILLE, TN 37756
SBA Loan Lender
CUMBERLAND BANK & TRUST
2034 WILMA RUDOLPH BLVD
CLARKSVILLE, TN 37040
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing
Loan Approval Date
9/21/2005
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 5 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Cumberland Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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
Small Bank Loans in Clarksville, Tennessee
Tennessee SBA 7A Banks