Knoxville, Tennessee Bank Gives SBA Loan to Orthopedic, Prosthetic And Other Surgical Supplies Company

Want to talk with a Knoxville, Tennessee bank about a small business loan? Here's one Tennessee business loan, issued by a Knoxville bank, that was approved by the SBA.

Applying for an SBA loan with Suntrust Bank worked out well for our friends at one local company in Knoxville, Tennessee. The business was able to get an SBA loan for $120,000. Nice!

SBA Loan Borrower

COMPANY TYPE: ORTHOPEDIC, PROSTHETIC AND OTHER SURGICAL SUPPLIES
KNOXVILLE, TN 37921

SBA Loan Lender

SUNTRUST BANK
ONE CENTRE SQ, 620 MARKET ST
KNOXVILLE, TN 37902

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a deep knowledge SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3842 - Orthopedic, Prosthetic and Other Surgical Supplies

Loan Approval Date

6/13/2000

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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 $120,000 loan. Remember, feel the fear, and do it anyway.

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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