First Century Bank SBA Loan to Diagnostic Imaging Centers Company
First Century Bank has a track record as a leading provider of SBA loans. Find out how this Tennessee entrepreneur received an SBA loan from them.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Century Bank, out of Tazewell, Tennessee. The loan was granted and they received $135,000 to help grow their Knoxville, Tennessee business.
SBA Loan Borrower
COMPANY TYPE: DIAGNOSTIC IMAGING CENTERS
KNOXVILLE, TN 37918
SBA Loan Lender
FIRST CENTURY BANK
1780 N BROAD ST
TAZEWELL, TN 37879
This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
621512 - Diagnostic Imaging Centers
Loan Approval Date
12/7/2005
Loan Approval Gross Amount
$135,000
Loan Approval from the SBA
Of the total $135,000 loan amount, the SBA guaranteed $67,500.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
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 $135,000 loan. Remember, where there is a will, there is a way!
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:
Alternative Financing
Best Tazewell, Tennessee Banks for Small Business
Getting an SBA Loan in Tennessee