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December 22, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Cosmetics, Beauty Supplies, And Perfume Stores Loan | ||||
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SBA Lender Jackson, Tennessee
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SBA Loan from Business Loan Center, LLC Helps Cosmetics, Beauty Supplies, And Perfume Stores CompanyBusiness Loan Center, LLC is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Tennessee entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Jackson, Tennessee was an essential business goal for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC, operating out of Panama City Beach, Florida. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: COSMETICS, BEAUTY SUPPLIES, AND PERFUME STORES SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 7/10/2006 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 an existing 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Bank Loans in Panama City Beach, Florida
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