Borrowing Money for Specialty Food Stores

Looking for small business loans for specialty food stores? An SBA loan may be just what you've been looking for. This $209,000 specialty food stores loan was issued by a Tennessee bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Patriot Bank, out of Millington, Tennessee. The loan was granted and they received $209,000 to help grow their Collierville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
COLLIERVILLE, TN 38017

SBA Loan Lender

PATRIOT BANK
8376 HWY 51 NORTH
MILLINGTON, TN 38053

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

11/22/2005

Loan Approval Gross Amount

$209,000

Loan Approval from the SBA

Of the total $209,000 loan amount, the SBA guaranteed $156,750.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business 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 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:

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Millington, Tennessee

Tennessee SBA 7A Lenders