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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Tazewell, Business Loans > First Century Bank Tazewell Business Loans > Automotive Oil Change And Lubrication Shops Loan | ||||
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SBA Lenders That Lend to Jefferson City Small Business Owners
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Jefferson City, Tennessee Entrepreneur Gets an SBA LoanTennesseeSBA loans are available to Tennessee entrepreneurs through the SBA. In this case, a Tennessee bank provides the loan. Getting a small business loan in Jefferson City, Tennessee was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Century Bank. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS SBA Loan Lender FIRST CENTURY BANK The lender provided this debt financing 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 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 7/23/2004 Loan Approval Gross Amount $212,000 Loan Approval from the SBA Of the total $212,000 loan amount, the SBA guaranteed $106,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $212,000 loan. Remember, anyone can do it... so why not 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: Good Banks for Small Business in Tazewell, Tennessee
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