Business Loan from Planters Bank, Inc. Given to Full-Service Restaurants Company

An SBA loan from Planters Bank, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cokercreek, Tennessee business owner got a $67,500 loan.

This growing company knew how to go about getting a business bank loan. Based in Cokercreek, Tennessee, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Planters Bank, Inc., based in Hopkinsville, Kentucky.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
COKERCREEK, TN 37040

SBA Loan Lender

PLANTERS BANK, INC.
1312 S MAIN ST
HOPKINSVILLE, KY 42240

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

722110 - Full-Service Restaurants

Loan Approval Date

10/12/2007

Loan Approval Gross Amount

$67,500

Loan Approval from the SBA

Of the total $67,500 loan amount, the SBA guaranteed $33,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Planters Bank, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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