Parsons, Tennessee Bank Lends Money to Drycleaning And Laundry Services Company in Charlotte, North Carolina
Find Parsons, Tennessee banks that specialize in business loans and know how to work with entrepreneurs. Community So. Bank D.B.A Commun is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Charlotte, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Community So. Bank D.B.A Commun. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
Charlotte, NC 28216
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812320 - Drycleaning and Laundry Services
Loan Approval Date
9/26/2007
Loan Approval Gross Amount
$786,000
Loan Approval from the SBA
Of the total $786,000 loan amount, the SBA guaranteed $589,500.
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 SBA loan documents indicated that the loan would help retain 12 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Role of Business Plan When Raising Money
SBA 7A Banks for Parsons, Tennessee Loans
SBA Tennessee Banks