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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Jackson, Business Loans > First South Bank Jackson Business Loans > General Automotive Repair Loan | ||||
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Jackson, Tennessee Bank for SBA Loans
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Financing for General Automotive RepairLooking for loans for general automotive repair? Try the SBA. This $10,400 general automotive repair loan was issued by a Tennessee bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jackson, Tennessee was able to borrow $10,400 from First South Bank. The SBA made the loan possible by guaranteeing $5,200 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender FIRST SOUTH BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811111 - General Automotive Repair Loan Approval Date 6/1/2007 Loan Approval Gross Amount $10,400 Loan Approval from the SBA Of the total $10,400 loan amount, the SBA guaranteed $5,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Determining Proper Capital Structure for a Business SBA Banks in Jackson, Tennessee
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