Get an SBA Loan for Broadwoven Fabric Mills

Looking for small business loans for broadwoven fabric mills? Talk to a banker who works with the SBA. This $108,000 broadwoven fabric mills loan was issued by a Tennessee bank.

Getting a small business loan in Collierville, Tennessee was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Banktennessee, operating out of Collierville, Tennessee. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: BROADWOVEN FABRIC MILLS, COTTON
COLLIERVILLE, TN 38017

SBA Loan Lender

BANKTENNESSEE
1125 WEST POPLAR AVE
COLLIERVILLE, TN 38017

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2211 - Broadwoven Fabric Mills, Cotton

NAICS Code

313210 - Broadwoven Fabric Mills

Loan Approval Date

1/6/2000

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $81,000.

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 3 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Collierville TN, you ought to talk with a local Collierville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Collierville businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Incubators

SBA 7A Banks for Collierville, Tennessee Loans

Getting an SBA Loan in Tennessee