Morristown, Tennessee Bank Lends Money to State Commercial Banks Company in Greenville, Tennessee

Thinking about meeting with a Morristown, Tennessee bank about a small business loan? Here's one Tennessee business loan, issued by a Morristown bank, that was approved by the SBA.

Applying for an SBA loan with Regions Bank worked out well for our friends at one local firm in Greenville, Tennessee. The business was able to get an SBA loan for $64,474. Great job!

SBA Loan Borrower

COMPANY TYPE: STATE COMMERCIAL BANKS
GREENVILLE, TN 37745

SBA Loan Lender

REGIONS BANK
201 W MORRIS BLVD
MORRISTOWN, TN 37814

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

6022 - State Commercial Banks

Loan Approval Date

9/18/2000

Loan Approval Gross Amount

$64,474

Loan Approval from the SBA

Of the total $64,474 loan amount, the SBA guaranteed $51,579.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

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