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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 > Eating Places Loan | ||||
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Tennessee Bank SBA Loans
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Brentwood, Tennessee Lender Lends Money to Eating Places CompanyFind Brentwood, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. Bancorpsouth Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Franlin, Tennessee starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Bancorpsouth Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BANCORPSOUTH BANK 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 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/16/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 12 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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: Small Bank Loans in Brentwood, Tennessee
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