Loans for Tire Dealers

Looking for loans for tire dealers? Talk to a banker who works with the SBA. This $312,800 tire dealers loan was issued by a Tennessee bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Legends Bank, out of Clarksville, Tennessee. The loan was granted and they received $312,800 to help grow their Clarksville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
CLARKSVILLE, TN 37040

SBA Loan Lender

LEGENDS BANK
310 N FIRST ST
CLARKSVILLE, TN 37040

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

10/15/2003

Loan Approval Gross Amount

$312,800

Loan Approval from the SBA

Of the total $312,800 loan amount, the SBA guaranteed $234,600.

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 6 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

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

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Legends Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Legends Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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

Small Bank Loans in Clarksville, Tennessee

Tennessee SBA 7A Lenders