Business Loan from Volunteer State Bank Given to Eating Places Company

An SBA loan from Volunteer State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hendersonville, Tennessee business owner got a $127,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Volunteer State Bank, out of Hendersonville, Tennessee. The loan was granted and they received $127,500 to help grow their Hendersonville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HENDERSONVILLE, TN 37075

SBA Loan Lender

VOLUNTEER STATE BANK
239 W MAIN ST
HENDERSONVILLE, TN 37075

This small business 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

11/7/2003

Loan Approval Gross Amount

$127,500

Loan Approval from the SBA

Of the total $127,500 loan amount, the SBA guaranteed $95,625.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 10 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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