Knoxville, Tennessee Entrepreneur Gets a Small Business Loan
Would a Tennessee SBA loan help your business get to the next level? If so, you may want to talk with this Tennessee bank, which offers SBA loans to Tennessee entrepreneurs.
Getting a small business loan in Knoxville, Tennessee was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Commercial Bank. Here are the details on this Tennessee small business loan.
SBA Loan Borrower
COMPANY TYPE: PET CARE SERVICES
KNOXVILLE, TN 37922
SBA Loan Lender
COMMERCIAL BANK
6710 CUMBERLAND GAP PKWY
HARROGATE, TN 37752
This SBA bank loan 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
812910 - Pet Care Services
Loan Approval Date
12/26/2007
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $30,000.
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 create 3 new jobs.
Start the Process for Getting an SBA Loan Today!
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.
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 $60,000 loan. Remember, things become real when you believe you can achieve them!
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:
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Who Lends Money to Small Businesses in Harrogate, Tennessee
Getting an SBA Loan in Tennessee