 |
 |
December 24, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Huntingdon, Business Loans > Carroll Bank & Trust Huntingdon Business Loans > Racetracks Loan | ||||
 |
||||
SBA Loans from Carroll Bank & Trust
|
||||
 |
Business Loan from Carroll Bank & Trust Given to Racetracks CompanyCarroll Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a Tennessee entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gleason, Tennessee was able to borrow $354,000 from Carroll Bank & Trust. The SBA made the loan possible by guaranteeing $265,500 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: RACETRACKS SBA Loan Lender CARROLL BANK & TRUST This commercial 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 7948 - NAICS Code 711212 - Racetracks Loan Approval Date 3/31/2004 Loan Approval Gross Amount $354,000 Loan Approval from the SBA Of the total $354,000 loan amount, the SBA guaranteed $265,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Gleason 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: SBA 7A Lenders in Huntingdon, Tennessee
|
|
||
|
||||
|
|
||||