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December 24, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Vonore, Business Loans > Citizens Bank Of Blount County Vonore Business Loans > Direct Mail Advertising Services Loan | ||||
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Getting a Small Business Loan in Madisonville, Tennessee
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Firm Gets a Tennessee Bank LoanTennesseeSmall business loans are available to Tennessee small business owners through the SBA. In this case, a Tennessee bank provides the loan. Getting a small business loan in Madisonville, Tennessee was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank Of Blount County. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT MAIL ADVERTISING SERVICES SBA Loan Lender CITIZENS BANK OF BLOUNT COUNTY This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7331 - Direct Mail Advertising Services Loan Approval Date 1/18/2000 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,000. 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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. 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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank Of Blount County are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: Best Banks in Vonore, Tennessee
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