Dyersburg, Tennessee Business Gets SBA-Guaranteed Funding from First South Bank

An SBA loan from First South Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dyersburg, Tennessee business owner got a $17,100 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First South Bank, out of Jackson, Tennessee. The loan was granted and they received $17,100 to help grow their Dyersburg, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
DYERSBURG, TN 38024

SBA Loan Lender

FIRST SOUTH BANK
1862 HWY 45 BY-PASS
JACKSON, TN 38305

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

4/12/2007

Loan Approval Gross Amount

$17,100

Loan Approval from the SBA

Of the total $17,100 loan amount, the SBA guaranteed $8,550.

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 no employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First South Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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