Loans for Professional Organizations

With these loans for professional organizations, the SBA guarantees the lender that the loan will be repaid. This professional organizations loan for $185,000 was given to a Tennessee entrepreneur in 2006.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First National Bank - Tennessee, out of Cookeville, Tennessee. The loan was granted and they received $185,000 to help grow their Cookeville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL MEMBERSHIP ORGANIZATIONS
COOKEVILLE, TN 38501

SBA Loan Lender

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

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8621 - Professional Membership Organizations

NAICS Code

813920 - Professional Organizations

Loan Approval Date

5/3/2006

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 5 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $185,000 loan. Remember, anyone can do it... so why not 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.

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