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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Brentwood, Business Loans > Bancorpsouth Bank Brentwood Business Loans > Jewelry Stores Loan | ||||
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Business Loans for Franklin Business Owners
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Getting an SBA Loan for Jewelry StoresLooking for commercial loans for jewelry stores? Try the SBA. This $38,000 jewelry stores loan was issued by a Tennessee bank. This business 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 2000. The lending bank was Bancorpsouth Bank, based in Brentwood, Tennessee. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender BANCORPSOUTH BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5944 - Jewelry Stores NAICS Code 448310 - Jewelry Stores Loan Approval Date 2/18/2000 Loan Approval Gross Amount $38,000 Loan Approval from the SBA Of the total $38,000 loan amount, the SBA guaranteed $30,400. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Lenders in Brentwood, Tennessee
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