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December 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Hopkinsville, Business Loans > Planters Bank, Inc. Hopkinsville Business Loans > Full-Service Restaurants Loan | ||||
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Best Banks That Lend to Clarksville Business Owners
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Clarksville, Tennessee Entrepreneur Gets a Small Business LoanBank loans in Tennessee are hard to find these days. We take a look at one Tennessee bank loan, provided by a Kentucky bank, that was approved by the SBA. Getting a small business loan in Clarksville, Tennessee was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Planters Bank, Inc.. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PLANTERS BANK, INC. This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722110 - Full-Service Restaurants Loan Approval Date 11/28/2007 Loan Approval Gross Amount $16,000 Loan Approval from the SBA Of the total $16,000 loan amount, the SBA guaranteed $8,000. 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 documents indicated that the loan would help retain 20 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Hopkinsville, Kentucky
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