Lawrenceburg, Tennessee Lender Lends Money to Grocery Stores Company

Find Lawrenceburg, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. First Volunteer Bank - Tennessee is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Iron City, Tennessee starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First Volunteer Bank - Tennessee. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
IRON CITY, TN 38463

SBA Loan Lender

FIRST VOLUNTEER BANK - TENNESSEE
200 W GAINES ST
LAWRENCEBURG, TN 38464

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

2/2/2000

Loan Approval Gross Amount

$35,500

Loan Approval from the SBA

Of the total $35,500 loan amount, the SBA guaranteed $17,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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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