Getting an SBA Loan for Electromedical and Electrotherapeutic Apparatus Manufacturing

Looking for commercial loans for electromedical and electrotherapeutic apparatus manufacturing? Talk to a banker who works with the SBA. This $357,000 electromedical and electrotherapeutic apparatus manufacturing loan was issued by a Tennessee bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Volunteer State Bank, out of Hendersonville, Tennessee. The loan was granted and they received $357,000 to help grow their Gallatin, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: ELECTROMEDICAL AND ELECTROTHERAPEUTIC APPARATUS
GALLATIN, TN 37066

SBA Loan Lender

VOLUNTEER STATE BANK
239 W MAIN ST
HENDERSONVILLE, TN 37075

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3845 - Electromedical and Electrotherapeutic Apparatus

NAICS Code

334510 - Electromedical and Electrotherapeutic Apparatus Manufacturing

Loan Approval Date

8/21/2001

Loan Approval Gross Amount

$357,000

Loan Approval from the SBA

Of the total $357,000 loan amount, the SBA guaranteed $267,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Alternative Financing

Small Bank Loans in Hendersonville, Tennessee

SBA Participating Banks in Tennessee