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December 22, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Knoxville, Business Loans > Commercial Bank Knoxville Business Loans > Medical Equipment Rental And Leasing Loan | ||||
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Examples of Knoxville SBA Loans
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Where to Get Capital for Home Health Equipment RentalWith these small business loans for home health equipment rental, the SBA guarantees the lender that the loan will be repaid. This home health equipment rental loan for $85,000 was given to a Tennessee entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Knoxville, Tennessee was able to borrow $85,000 from Commercial Bank. The SBA made the loan possible by guaranteeing $72,250 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: MEDICAL EQUIPMENT RENTAL AND LEASING SBA Loan Lender COMMERCIAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7352 - Medical Equipment Rental and Leasing NAICS Code 532291 - Home Health Equipment Rental Loan Approval Date 2/5/2001 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 24 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We can help you find the best banks for small businesses in Knoxville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Knoxville, Tennessee
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