Loans for Sporting and Athletic Goods Manufacturing

Looking for loans for sporting and athletic goods manufacturing? Try the SBA. This $700,000 sporting and athletic goods manufacturing loan was issued by a Tennessee bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Commun Bank, out of Johnson City, Tennessee. The loan was granted and they received $700,000 to help grow their Kingsport, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS
KINGSPORT, TN 37660

SBA Loan Lender

FIRST COMMUN BANK
300 SUNSET DR
JOHNSON CITY, TN 37604

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3949 - Sporting and Athletic Goods

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

1/7/2003

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 41 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Kingsport TN, you ought to talk with a local Kingsport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kingsport businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Commun Bank and they will explain how you can get an SBA loan for your company.

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:

Borrowing Money from Friends and Family

Good Banks for Small Business in Johnson City, Tennessee

Tennessee SBA 7A Lenders