Financing for Activities Related to Credit Intermediation

With these loans for activities related to credit intermediation, the SBA guarantees the lender that the loan will be repaid. This activities related to credit intermediation loan for $850,000 was given to a Tennessee entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Franklin, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Southeast Financial Fcu, based in Nashville, Tennessee.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
FRANKLIN, TN 37067

SBA Loan Lender

SOUTHEAST FINANCIAL FCU
444 JAMES ROBERTSON PKWY
NASHVILLE, TN 37219

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

522390 - Activities Related to Credit Intermediation

Loan Approval Date

6/20/2005

Loan Approval Gross Amount

$850,000

Loan Approval from the SBA

Of the total $850,000 loan amount, the SBA guaranteed $637,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Southeast Financial Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Credit Cards

Best Banks for Small Business in Nashville, Tennessee

SBA Participating Banks in Tennessee