Commercial Loans for Hardware Wholesalers

With these commercial loans for hardware wholesalers, the SBA guarantees the lender that the loan will be repaid. This hardware wholesalers loan for $100,000 was given to a Tennessee entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Clarksville, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Legends Bank, based in Clarksville, Tennessee.

SBA Loan Borrower

COMPANY TYPE: HARDWARE
CLARKSVILLE, TN 37043

SBA Loan Lender

LEGENDS BANK
1950 MADISON ST
CLARKSVILLE, TN 37043

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5072 - Hardware

NAICS Code

421710 - Hardware Wholesalers

Loan Approval Date

6/26/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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:

Accountant's Role in Securing Financing

SBA 7A Banks in Clarksville, Tennessee

Where to Get an SBA Loan Tennessee