Knoxville, Tennessee Bank Lends Money to Local Trucking With Storage Company in Knoxville, Tennessee

Thinking about meeting with a Knoxville, Tennessee bank about an SBA loan? Here's one Tennessee business loan, issued by a Knoxville bank, that was approved by the SBA.

Applying for an SBA loan with Home Federal Bank Of Tennessee worked out well for our friends at one local firm in Knoxville, Tennessee. They received an SBA loan for $102,400. Way to go!

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITH STORAGE
KNOXVILLE, TN 37917

SBA Loan Lender

HOME FEDERAL BANK OF TENNESSEE
515 MARKET ST
KNOXVILLE, TN 37902

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4214 - Local Trucking With Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

4/11/2000

Loan Approval Gross Amount

$102,400

Loan Approval from the SBA

Of the total $102,400 loan amount, the SBA guaranteed $76,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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.

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