Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Parsons Bank Loan

 

 
Loan Census SBA Loan Info

Parsons, Tennessee Lender Lends Money to Nursing Care Facilities Company

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

Applying for an SBA loan with Community So. Bank D.B.A Commun worked out well for our friends at one local firm in Lauderhill, Florida. They got an SBA loan for $683,000. Great job!

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
LAUDERHILL, FL 33313

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

9/14/2007

Loan Approval Gross Amount

$683,000

Loan Approval from the SBA

Of the total $683,000 loan amount, the SBA guaranteed $512,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help generate 9 new jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community So. Bank D.B.A Commun had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community So. Bank D.B.A Commun made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Art of Bootstrapping

Small Bank Loans in Parsons, Tennessee

Tennessee SBA Banks