Elizabethton, Tennessee Bank Lends Money to Engineering Services Company in Knoxville, Tennessee
Get business loans from an Elizabethton, Tennessee bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Citizens Bank is a Elizabethton, Tennessee small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Tennessee company.
SBA Loan Borrower
COMPANY TYPE: ENGINEERING SERVICES
KNOXVILLE, TN 37922
SBA Loan Lender
CITIZENS BANK
300 BROAD ST
ELIZABETHTON, TN 37643
This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8711 - Engineering Services
NAICS Code
541330 - Engineering Services
Loan Approval Date
8/6/2002
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:
Small Business Credit Cards
Best Banks for Small Business in Elizabethton, Tennessee
Tennessee SBA Bank Lenders