Entrepreneur Works With Cookeville, Tennessee Bank to Get an SBA Loan

Get to know Cookeville, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. First National Bank - Tennessee is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Cookeville, Tennessee starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First National Bank - Tennessee. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
COOKEVILLE, TN 38401

SBA Loan Lender

FIRST NATIONAL BANK - TENNESSEE
412 S JEFFERSON AVE
COOKEVILLE, TN 38501

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

2/8/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First National Bank - Tennessee and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

Good Banks for Small Business in Cookeville, Tennessee

SBA Tennessee Banks