Business Loan from First-Citizens National Bank Given to Shoe Repair Shops And Shoeshine Parlors Company

An SBA loan from First-Citizens National 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 $120,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Dyersburg, Tennessee, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was First-Citizens National Bank, based in Dyersburg, Tennessee.

SBA Loan Borrower

COMPANY TYPE: SHOE REPAIR SHOPS AND SHOESHINE PARLORS
DYERSBURG, TN 38024

SBA Loan Lender

FIRST-CITIZENS NATIONAL BANK
ONE FIRST CITIZENS PL
DYERSBURG, TN 38024

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

7251 - Shoe Repair Shops and Shoeshine Parlors

NAICS Code

812990 - Personal Services

Loan Approval Date

1/13/2006

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First-Citizens National Bank and they will explain how you can get an SBA loan for your company.

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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