Franklin, Tennessee Bank Gives SBA Loan to Catalog And Mail-Order Houses Company

Want to talk with a Franklin, Tennessee bank about an SBA loan? Here's one Tennessee business loan, issued by a Franklin bank, that was approved by the SBA.

Applying for an SBA loan with Tennessee Commerce Bank worked out well for our friends at one local firm in Franklin, Tennessee. They received an SBA loan for $210,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CATALOG AND MAIL-ORDER HOUSES
FRANKLIN, TN 37067

SBA Loan Lender

TENNESSEE COMMERCE BANK
381 MALLORY STATION RD, STE 2
FRANKLIN, TN 37067

This bank 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

5961 - Catalog and Mail-Order Houses

NAICS Code

454110 - Electronic Shopping and Mail-Order Houses

Loan Approval Date

7/10/2003

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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.

Related Links:

Getting a Small Business Loan

SBA Participating Banks in Franklin, Tennessee

Tennessee SBA Banks