Where to Get Capital for Recyclable Material Wholesalers

Looking for small business loans for recyclable material wholesalers? An SBA loan may be just what you've been looking for. This $50,000 recyclable material wholesalers loan was issued by a Tennessee bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Farmers And Merchants Bank, out of Trezevant, Tennessee. The loan was granted and they received $50,000 to help grow their Huntingdon, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: SCRAP AND WASTE MATERIALS
HUNTINGDON, TN 38344

SBA Loan Lender

FARMERS AND MERCHANTS BANK
5420 BROAD ST SOUTH
TREZEVANT, TN 38258

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5093 - Scrap and Waste Materials

NAICS Code

421930 - Recyclable Material Wholesalers

Loan Approval Date

10/22/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Farmers And Merchants Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Credit Evaluation

Small Business Banks in Trezevant, Tennessee

SBA Participating Banks in Tennessee