Suntrust Service Corporation Provides SBA Loan to Buy Fleet Feet Franchise

Need money to purchase a Fleet Feet franchise? Suntrust Service Corporation has a history of making these loans and they are guaranteed by the SBA.

Fleet Feet franchise loans are available to Hendersonville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Suntrust Service Corporation, based in Nashville, Tennessee, issued an SBA franchise loan for a Fleet Feet franchise in 2001. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

FLEET FEET SPORTS-NASHVILLE
HENDERSONVILLE, TN 37075

SBA Loan Lender

SUNTRUST SERVICE CORPORATION
41 RACHEL DR
NASHVILLE, TN 37214

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5661 - Shoe Stores

NAICS Code

448210 - Shoe Stores

Loan Approval Date

11/6/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fleet Feet franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

We can help you find the best banks for small businesses in Hendersonville 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:

Fleet Feet Sports

A Company That Helps Entrepreneurs

Banks in Nashville, Tennessee

Tennessee SBA 7A Lenders