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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Clarksville, Business Loans > Cumberland Bank & Trust Clarksville Business Loans > Structural Metal Work Loan | ||||
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SBA Lender Clarksville, Tennessee
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Clarksville, Tennessee Bank Gives SBA Loan to Structural Metal Work CompanyWant to talk with a Clarksville, Tennessee bank about a business loan? Here's one Tennessee business loan, issued by a Clarksville bank, that was approved by the SBA. Applying for an SBA loan with Cumberland Bank & Trust worked out well for our friends at one local firm in Clarksville, Tennessee. They got an SBA loan for $510,000. Great job! SBA Loan Borrower COMPANY TYPE: STRUCTURAL METAL WORK SBA Loan Lender CUMBERLAND BANK & TRUST This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3449 - Structural Metal Work NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 2/27/2003 Loan Approval Gross Amount $510,000 Loan Approval from the SBA Of the total $510,000 loan amount, the SBA guaranteed $382,500. 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 32 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Obtaining Funding From a Venture Capitalist SBA 7A Banks for Clarksville, Tennessee Loans Getting an SBA Loan in Tennessee
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