Germantown, TN Entrepreneur Gets SBA Loan to Buy Pump It Up Franchise

Borrowing money to purchase a Pump It Up franchise? First Tennessee Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Germantown, Tennessee and are interested in buying a Pump It Up franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First Tennessee Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PUMP IT UP
GERMANTOWN, TN 38133

SBA Loan Lender

FIRST TENNESSEE BANK
7616 POPLAR AVE
GERMANTOWN, TN 38138

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

7996 - Amusement Parks

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

3/7/2005

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 a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Germantown 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.

Related Links:

Pump It Up

Equity Financing

Small Business Banks in Germantown, Tennessee

SBA Tennessee Lenders