Pinnacle National Bank Gives Small Business Loan to Grocery Stores Company

Small business loans in Tennessee are are few and far betweeen these days. We take a look at one Tennessee small business loan, provided by a Tennessee bank, that was approved by the SBA.

Getting a small business loan in Franklin, Tennessee was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Pinnacle National Bank. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
FRANKLIN, TN 37064

SBA Loan Lender

PINNACLE NATIONAL BANK
2019 RICHARD JONES RD
NASHVILLE, TN 37215

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

6/27/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

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 11 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Franklin TN, you ought to talk with a local Franklin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Franklin businesses.

We can help you find the best banks for small businesses in Franklin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Tennessee SBA 7A Lenders